Adebise: Banks Must Be Innovative to Remain in Business - THISDAYLIVE

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Adebise: Banks Must Be Innovative to Remain in Business via thisdaylive

The Managing Director/Chief Executive Officer, Wema Bank Plc, Mr. Ademola Adebise, who assumed the position six months ago, has over 28 years’ experience in the banking industry, inclusive of four years in management consulting. He had worked in various capacities in Information Technology, Financial Control & Strategic Planning, Treasury, Corporate Banking, Risk Management and Performance Management.

I was appointed in October 2018. I joined the bank in 2009, with Mr. Segun Oloketuyi, the erstwhile Managing Director. When we joined the bank we embarked on what we called Project LEAP, which was basically a strategy to take the bank out of the woods. Of course we all knew the precarious state of the bank at that time. The first thing was basically to address the liquidity situation. We called that the phase of stabilising the bank.

There was a N30 billion increase in your loans and advances in same year. What were the sectors you concentrated on in terms of lending? It appears that you are aiming at somewhere in the industry because you earlier talked about leveraging M&A opportunities for growth. What actually is your aim in the industry?

 

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