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Nairaland Forum / Nairaland / General / Business / Wema Bank Nigeria To Close 17 Branches. (9766 Views)
My Mum's Experience With WEMA BANK / CBN Grants Wema Bank National License / Gtb To Close All Their Branches At 1pm Due To Fuel Scarcity (2) (3) (4)
Wema Bank Nigeria To Close 17 Branches. by soloheater(m): 9:05pm On Dec 22, 2010 |
Wema Bank Plc is set to close 17 branches located in the South-West and Northern parts of the country to enable it operate a regional banking. Group managing director/chief executive of the bank, Mr. Segun Oloketuyi who disclosed this in Lagos on Tuesday at press a briefing said that for the bank to operate as a regional bank, 13 branches established in the North and four branches in the South -East would be shut down. http://allafrica.com/stories/201012230609.html |
Re: Wema Bank Nigeria To Close 17 Branches. by ULSHERLAN(m): 11:05pm On Dec 22, 2010 |
Tank god i dnt bank wv dem |
Re: Wema Bank Nigeria To Close 17 Branches. by ayoos(m): 11:16pm On Dec 22, 2010 |
Another way to sack more workers, or where will they put the workers in those branches? What a way to either end the year or start the year for the sacked workers. What is the way foward for bank workers? Join the forum at www.bankersdiscussiongroup.com/forum |
Re: Wema Bank Nigeria To Close 17 Branches. by odedele: 8:24am On Dec 23, 2010 |
@ ayoos: d way forward caution sanusi his reform is pushin d youth out of job |
Re: Wema Bank Nigeria To Close 17 Branches. by apoti(m): 12:33pm On Dec 23, 2010 |
Wema Bank, so they still exist |
Re: Wema Bank Nigeria To Close 17 Branches. by dTeflonDon: 12:38pm On Dec 23, 2010 |
@ last |
Re: Wema Bank Nigeria To Close 17 Branches. by nekanbaba: 12:45pm On Dec 23, 2010 |
from the statistics provided by the MD, that is the best business position any body can take. Wema bank is a business venture not a charity. |
Re: Wema Bank Nigeria To Close 17 Branches. by klas(m): 1:19pm On Dec 23, 2010 |
This is just in compliance with the new banking model (categorisation) to be operated in the country as from 2011. Many more banks especially the rescued ones will have to take regional banking licence since they require only N10billion capital base as oppossed to N25b for national or N50b for international licences. However, CBN needs to revisit the model for regional banking otherwise, SE, NE and NW may not have any branch of a regional bank. According to the CBN condition, regional bank can only have branches in Abuja and maximum of 12 states in 2 contigous geo-political zones. Since most banks will want to maintain branch(es) in Lagos (in south-west), they can only open in South-South or North-Central as only these zones share boundaries with south west. Also opening branches in Lagos does not mean that the bank will find the rest of the south-western states economically viable, but they have no option than to spread to those states in order to comply with CBN model. |
Re: Wema Bank Nigeria To Close 17 Branches. by clogogo(m): 1:47pm On Dec 23, 2010 |
that is they are letting out so many worker to be unemployed, what a new year resolution for the bankers |
Re: Wema Bank Nigeria To Close 17 Branches. by cwsoffer: 1:50pm On Dec 23, 2010 |
He said that for the bank to have maximum impact, more branches would be established within the region while the bank’s staff working in South-West and North would be redeployed to other branches. Since there is provision for affected workers I don't have any reservation for them. According to the CBN new banking model, a regional bank can operate in minimum of six States and maximum 12 contiguous states and the Federal Territory, stressing that those states must be within not more two geo-political Zones And there decision is based on apex bank directive. Wishing them a fruitful 2011. |
Re: Wema Bank Nigeria To Close 17 Branches. by Atk1nson(m): 1:59pm On Dec 23, 2010 |
I hope dat includes d one in my area ; a bank where I was told to pay #20 to get a new teller because I made a mistake on d 1st one |
Re: Wema Bank Nigeria To Close 17 Branches. by VALIDATOR: 2:38pm On Dec 23, 2010 |
Error ! |
Re: Wema Bank Nigeria To Close 17 Branches. by Exponental(m): 5:04pm On Dec 23, 2010 |
The bank that has most of its building rented. No food for landlords again, ehyaaaaaaa! |
Re: Wema Bank Nigeria To Close 17 Branches. by mrofficial(m): 5:19pm On Dec 23, 2010 |
apoti:What would you say about Union Bank? |
Re: Wema Bank Nigeria To Close 17 Branches. by nethacker(m): 5:35pm On Dec 23, 2010 |
na wa oo |
Re: Wema Bank Nigeria To Close 17 Branches. by Osama10(m): 7:17pm On Dec 23, 2010 |
Atk1nson: |
Re: Wema Bank Nigeria To Close 17 Branches. by sochan: 7:36pm On Dec 23, 2010 |
is that bank profitable at all? |
Re: Wema Bank Nigeria To Close 17 Branches. by omongbati4: 2:53am On Dec 24, 2010 |
''They'' have run down this one like they do every other thing they touch. Oles |
Re: Wema Bank Nigeria To Close 17 Branches. by Nobody: 5:19am On Dec 24, 2010 |
Wema sounds like Chewing Gum, so it was a name of a "Bank". kwa kwa kwa kwa kwa I laff in latin. Close all the branches Jare. In my mind, you never existed. |
Re: Wema Bank Nigeria To Close 17 Branches. by Nobody: 5:26am On Dec 24, 2010 |
Soludo,you are the root cause of all this bruhaha. i think wema bank will do well in the south west,they have always been there with one funny name or the other and a strong presence .it was owena bank,later changed to omega bank and to wema bank. guess unity bank too will close some branches and move to the north |
Re: Wema Bank Nigeria To Close 17 Branches. by freezy(m): 8:44am On Dec 24, 2010 |
^^^^^ Oga, why are you misinforming the general public? Owena Bank changed to Omega Bank and then to Spring Bank. National Bank and Wema Bank merged in 2005 to meet the 25bn minimum capital mandate by the CBN |
Re: Wema Bank Nigeria To Close 17 Branches. by jonnex: 9:01am On Dec 24, 2010 |
can we know d affected branches, i still have some coins in wema bank. |
Re: Wema Bank Nigeria To Close 17 Branches. by orgasm(m): 9:43am On Dec 24, 2010 |
Omega bank to Wema bank? Where did u get dat info from? Wema bank started over 60years ago as Agbonmagbe bank which was a Regional bank owned by the then Western Region Government which is what is returning to now. It has survived the series of Bank distress and failure over the long years cos it was always supported by the western region govt money. It only acquired National Bank in the 2005 Soludo 25billion consolidation exercise. |
Re: Wema Bank Nigeria To Close 17 Branches. by MrCork3: 11:13am On Dec 24, 2010 |
Mr Cork <<<<< 17inches |
Re: Wema Bank Nigeria To Close 17 Branches. by Nobody: 2:18pm On Dec 24, 2010 |
TO ALL THOSE THAT MOCK THE BANK WEMA Bank operates primarily in suburban and rural areas. They seem to be in the forefront of rural banking. If not for WEMA, many rural areas would have remained without commercial banks. The fact that they are restrategising apparently to focus their resources in their stronghold areas in the South should not make the bank a laughing stock. I BELIEVE THAT BY SO DOING, THEY WILL BE MORE EFFICIENT. THE ONLY REGRET IS THAT SOME OF THEIR WORKERS WILL BE THROWN INTO THE LABOUR MARKET. I ADVISE THAT ADEQUATE COMPENSATION BE PAID TO AFFECTED WORKERS. |
Re: Wema Bank Nigeria To Close 17 Branches. by Stevogue(m): 10:15pm On Dec 24, 2010 |
WEMA BANK! Hmn! here comes the big fall or should I call it the beginning of the end for the new generation mushroom bank. |
Re: Wema Bank Nigeria To Close 17 Branches. by poweredcom(m): 3:12am On Dec 25, 2010 |
hahaha dem no get money again |
Re: Wema Bank Nigeria To Close 17 Branches. by tunde247: 8:44am On Dec 25, 2010 |
haaaa |
Re: Wema Bank Nigeria To Close 17 Branches. by ewons1(m): 4:41pm On Dec 25, 2010 |
hi people, i want to inquire abt savannah or santana bank(laughs), wht is happenin to dem eva since they were given back deir licence and opened a site which i dnt knw if its fake or real for applicants to apply?, |
Re: Wema Bank Nigeria To Close 17 Branches. by jambya(m): 7:55pm On Dec 25, 2010 |
i dey laugh kekeke!!!! |
Re: Wema Bank Nigeria To Close 17 Branches. by ROCKJ1(m): 10:55pm On Dec 25, 2010 |
me too, i dey laugh o |
Re: Wema Bank Nigeria To Close 17 Branches. by moremi2008(m): 7:16am On Dec 27, 2010 |
obasy09: It's only a poorly run, ramshackle bank that only an illiterate farmer will bank with! An illiterate bank run by illiterates! A shame! |
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