Nigeria, June 19 -- Wema Bank Plc is making big strides in the Nigerian banking industry, with leading rating agencies persistently reiterating its strengthened resilience and strength.

Pan-African credit rating agency Agusto & Co recently upgraded the bank's credit rating to A-from BBB+, citing strong financial performance, adequate liquidity, and operational efficiency. The upgrade also indicates greater confidence on the part of investors, which is based on Wema's value-focused capital strategy and stable earnings growth.

The enhanced rating by Agusto & Co is a consequence of Wema Bank's strengthened business model and its concerted actions towards financial consolidation. The bulk of this energy comes from the successful expansion o...