Wema Bank Plc has been upgraded by Agusto & Co from a long-term rating of ‘A-’ to ‘A’, signifying an enhancement in the bank's financial health. This upgrade is attributed to the bank's improved profitability and a stronger liquidity position, alongside ongoing support from its shareholders. Additionally, Agusto & Co has maintained the bank's short-term rating at ‘A1’, as detailed in their 2026 condensed entity rating report.
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