Pan-African rating agency, Agusto & Co, has upgraded Wema Bank’s rating to “A-” from “Bbb+”, reaffirming a stable outlook for the Bank. This decision, effective June 17, 2025, reflects Wema Bank’s improving business risk profile, driven by sustainable profitability, operating efficiency, good liquidity, and strong shareholder support. According to Agusto & Co, Wema Bank’s profitability [...]
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