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WEMA BANK SECURES US$35m CREDIT TO FUND SMEs
Wema Bank gets US$35m Line of Credit to support SMEs. Wema Bank Plc have secured a line of credit (LOC) from international lenders. The LOC is specifically to grow financial support for small and medium scale enterprises (SMEs) in Nigeria. The bank received US$15 million and US$20 million from African Development Bank (AfDB) and Islamic Corporation for the Development of the Private Sector (ICD) respectively. Wema Bank pioneered Africa’s first fully digital bank ALAT. According to its Managing Director,…
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