البنك اليمني للإنشاء والتعمير

About البنك اليمني للإنشاء والتعمير

The Yemen Bank for Reconstruction and Development was established in Sana'a, in the Republic of Yemen, as a public joint stock company, on the twenty-eighth of October 1962 AD (10/28/1962 AD) with a local capital of 10,000,000 ten million Yemeni riyals, with mixed ownership between the government of the Republic of Yemen in the proportion 51% and the private sector 49% of the paid-up capital each.

The Yemeni Bank for Reconstruction and Development is the first child of the revolution and the first commercial banking bank in Yemen, which is considered the first pioneer of development without a competitor and the dean of the Yemeni banking corps. All that you see today of private and public commercial empires, institutions and companies was based on the Bank of Yemen, so it was and still is today the comprehensive banking bank. For all fields and sectors, which is what we deduce by looking at the bank’s logo, which clearly indicates the work carried out by the bank. It carried out the work of the Commercial Bank, the Industrial and Agricultural Bank, and the Housing Bank, and it was The first ambassador of Yemen and his window to the outside commercial world through a wide network of correspondents in more than one country in the world.

Since its establishment, the bank functioned as the central bank until the beginning of the seventies, and until the Central Bank of Yemen was created and established, it carried out all the tasks and responsibilities related to the central bank.

The bank carries out its banking activities from the bank’s main center (general administration) in the city of Sana’a and through 44 branches spread throughout the Republic of Yemen. It also has correspondents in various parts of the world. The Yemen Bank for Reconstruction and Development provides distinguished banking and financial services through its network of branches spread throughout the Republic of Yemen. . The bank contributed effectively to economic development, which led to consolidating the reputation of the Yemeni Bank for Reconstruction and Development internally and externally.

This is the Bank of Yemen in brief, and talking about it is a long and fraught talk, and there is not enough space here to mention it due to the magnitude of the achievements it achieved during its long banking career, which reached its golden jubilee for a period of fifty years. It continues to achieve successes year after year and enjoys a financial advantage and a strong financial position that has made it trustworthy. All Yemenis.