Wema Bank PLC provides banking and other financial services to corporate and individual customers in Nigeria. The company offers current and saving accounts, HNIs, fixed deposits; card services, such as debit, credit, prepaid cards, and foreign denominated cards; consumer loans, including salary-based loan, car loans, as well as school fees advance, asset acquisition scheme, and personal loan; and E-banking services. It also provides corporate banking services comprising overdraft, lease finance, term loans, agric finance, import finance, exchange rate, and global trade and correspondent banking services. In addition, the company offers trade services, such as bills for collection, export processing, letters of credit, cross border payment, Small and Medium-scale Enterprises (SME) Form Q processing, bonds and guarantees, Form M processing, invisible transactions, and pre-arrival assessment report processing services. Further, it provides agent banking, integrated revenue, retail management, and collection and payment services, as well as business support facility and SME loans; and corporate account and SME business advisory services. The company was incorporated in 1945 and is headquartered in Lagos, Nigeria.
Metrics to compare | WEMABAN | Peers Peers - average of corresponding metrics from companies closely matching WEMABAN: FCMB, ACCESSCORP, ZENITHBANK, FIDELITYBK, UBA | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipWEMABANPeersSector |
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P/E Ratio | 2.5x | 10.3x | 8.7x | |
PEG Ratio | - | 0.02 | 0.03 | |
Price/Book | 0.8x | 0.9x | 1.0x | |
Price / LTM Sales | 0.9x | 1.3x | 2.7x | |
Upside (Analyst Target) | 19.4% | 7.7% | 14.1% | |
Fair Value Upside | Unlock | 0.0% | 3.3% | Unlock |