Wema Bank voted ‘Best Overall Investor Relations brand’ at the NIVA Awards 2022 –
An innovative financial institution, Wema Bank Plc has again been recognized for its commitment to the highest standards of disclosure, transparency and fairness in the dissemination of information to investors and other stakeholders.
The Bank was awarded the ‘Best Overall Investor Relations’ mark on Saturday 14 May at the 8th edition of the prestigious BusinessDay Nigeria Investor Value Awards (NIVA) for its adherence to corporate governance ethics in the conduct of its performance impressive on the Nigerian Stock Exchange – NGX.
Speaking about the award, Head of Marketing Communications and Investor Relations, Wema Bank, Funmilayo Falola, praised the award organizers for the recognition, saying it was an affirmation of transparency and Wema Bank’s commitment to corporate governance and best practices.
“We are grateful to the organizers for recognizing the impact of what we do, particularly the entrenchment of corporate governance ethics in our corporate culture. This has reinforced healthy relationships across the bank’s stakeholder spectrum while building trust.
“At Wema Bank, we believe in the transparency and timeliness of sharing relevant data with our stakeholders, including our earnings reports. We don’t sugarcoat things, but we’re always upfront about the state of our business, even in the worst of times. This is why Wema Bank remains one of the most credible banks in the country,” she said.
According to organizers, Wema Bank was selected for the award by BusinessDay’s Awards Review Panel and Research and Intelligence Unit for its commitment to the highest standards of disclosure, transparency and fairness in dissemination of information to stakeholders. The Bank was also singled out for its impressive performance on the Nigerian Stock Exchange despite a difficult macroeconomic environment over the past year under review in which its profits increased by 93.72% from N4.58 billion in 2020 to N8.87 billion in 2021, recording a profit margin of 9.71% over the same period.
The NIVA Awards are a survey conducted by BusinessDay’s Research and Intelligence Unit (BRIU) and the Awards Review Board to assess over one hundred and fifty companies listed on the Nigerian Exchange Group (NGX) under a thorough evaluation process.
The award recognizes public and private company executives who have created sustainable alpha-generating value for their shareholders through their strategic priorities, operational effectiveness, organizational values and market engagement activities.
In FY2021, the Bank was named “Most Innovative Digital Bank” in Nigeria at the Digital Banker Africa Awards 2021; ‘Most Outstanding Digital Bank Brand of the Year Award’ at the 2021 Brandcom Awards and KPMG named the bank a leader in customer experience. The bank also made it into LinkedIn’s 25 Best Workplaces a few months ago.