Wema Bank, Standard Chartered Bank Explore Business Opportunities

February 9, 2023
Wema Bank Standard Chartered Bank

By Aduragbemi Omiyale

A meeting aimed at working closely together to provide quality financial services to their respective customers has been held between Wema Bank and Standard Chartered Bank.

A few days ago, the management of the two financial institutions gathered at the Wema Bank Towers in Lagos to brainstorm of business opportunities they could explore in the banking sector.

The lenders have various strengths and weaknesses. While Wema Bank is a top player in the retail end of the market, Standard Chartered Bank is a dominant force in the corporate segment, as well as being a channel for foreign investors to bring foreign exchange (FX) into the country.

For the managements of the banks, there can be ways they can collaborate and complement each other in the banking industry, especially with Wema Bank, a company listed on the stock exchange.

At the gathering were the MD/CEO of Wema Bank Plc, Mr Moruf Oseni; an Executive Director of Standard Chartered Bank Nigeria, Mr Olukorede Adenowo; and the Deputy Managing Director of Wema Bank Plc, Mr Wole Akinleye, among others.

Aduragbemi Omiyale

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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