Historical background about the bank

Yemen Commercial Bank (YCB) is a closed Yemeni joint stock company that was established by virtue of the Central Bank of Yemen Resolution No. (2783) dated 28/1/1993 , licensed to practice business by the Ministry of Supply and Trade under the Minister of Supply and Trade Decree No. (32) for the year 1993 issued in 1993.

Success Story

Yemen Commercial Bank is the first private Yemeni commercial bank established after the blessed Yemeni unification, a distinguished elite of Yemeni businessmen contributed to the establishment of the bank with a contribution rate of 90%, and Yemeni Oil Company(YOC) contributed 10%, and the paid-up capital upon incorporation reached 250 million YR. This amount was one of the largest capitals in that period compared to the Yemeni operating banks, and the capital value has been increased since then more than once until it reached at the end of the year of 2016 to (8,000,110,000) YR, knowing that this corresponds to the requirements of the Central Bank of Yemen.

It is worth noting that Yemen Commercial Bank paid all the dues and deposits of the Bank of Credit and Commerce International ( BCCI ) depositors, so that they obtained all their deposits from the Commercial Bank, unlike what was done in some other countries of the world where the depositors were compensated with a percentage of their deposits.

Success Story

Yemen Commercial Bank is the first private Yemeni commercial bank established after the blessed Yemeni unification, a distinguished elite of Yemeni businessmen contributed to the establishment of the bank with a contribution rate of 90%, and Yemeni Oil Company(YOC) contributed 10%, and the paid-up capital upon incorporation reached 250 million YR. This amount was one of the largest capitals in that period compared to the Yemeni operating banks, and the capital value has been increased since then more than once until it reached at the end of the year of 2016 to (8,000,110,000) YR, knowing that this corresponds to the requirements of the Central Bank of Yemen.

It is worth noting that Yemen Commercial Bank paid all the dues and deposits of the Bank of Credit and Commerce International ( BCCI ) depositors, so that they obtained all their deposits from the Commercial Bank, unlike what was done in some other countries of the world where the depositors were compensated with a percentage of their deposits.

Contribution to the economic

development process

Yemeni Commercial Bank provides all banking services to its individual and corporate customers with a high level of efficiency and performance, occupying a distinguished position in the Yemeni banking market and an essential source for the economic building process in Yemen, where the bank contributed directly to the economic development process as it is one of the largest banks to finance development projects .It has funded more than 12 infrastructure projects with a total of 20 billion YR.

Contribution to the economic

development process

Yemeni Commercial Bank provides all banking services to its individual and corporate customers with a high level of efficiency and performance, occupying a distinguished position in the Yemeni banking market and an essential source for the economic building process in Yemen, where the bank contributed directly to the economic development process as it is one of the largest banks to finance development projects .It has funded more than 12 infrastructure projects with a total of 20 billion YR.

Launch

A Distinct

Banking

Yemeni Commercial Bank started banking in 2003 with a distinct and modern banking launch by implementing a comprehensive process of its banking systems and operations and applying automatic and immediate networking services between the branches, which created a qualitative shift in the level and efficiency of performance of banking services.
The bank has also been able to take advantage of modern technological developments in providing electronic banking services, including: mobile banking service, ATM service, point of sale service (POS), phone bank service, SMS, and money transfers via MoneyGram, in addition to the uniqueness and excellence in providing electronic banking services for the first time in Yemen and Yemeni banks such as Internet Banking and E-voucher for mobile phone lines through points of sale, mobile ATM service and mobile bank. The Bank owns a network of automated teller machines distributed in various areas of the Republic, the number of operating ATMs is 68, and the number is expected to reach ........ ATMs before the end of the current year.

The bank , through relying on the best standards in banking industry, was able to apply the latest banking technologies that contribute to customer service with the required accuracy and speed, through a computer system network that enables our customers to deposit and withdraw from any bank branch, It is worth noting that YCB has been honored for the sixth consecutive year as the best bank in Yemen for the year 2013 by the British (The Banker) specializing in assessing global banking performance in recognition of its outstanding performance and its ability to develop its strategy during the past years. (The Banker) award is considered an annual event in the banking industry, and this award is presented to the best bank and be the representative of the country to which it belongs. Yemeni Commercial Bank, which won the award for the best bank in Yemen for the years: 2008-2009-2010-2011-2013, has become within a list including famous Arab and foreign banks in the banking market with their global positions, Yemeni Commercial Bank will remain the bank that you trust and will always remain loyal for its customers in providing and latest and best electronic banking services that keep pace with the information technology era.

Launch

A Distinct

Banking

Yemeni Commercial Bank started banking in 2003 with a distinct and modern banking launch by implementing a comprehensive process of its banking systems and operations and applying automatic and immediate networking services between the branches, which created a qualitative shift in the level and efficiency of performance of banking services.
The bank has also been able to take advantage of modern technological developments in providing electronic banking services, including: mobile banking service, ATM service, point of sale service (POS), phone bank service, SMS, and money transfers via MoneyGram, in addition to the uniqueness and excellence in providing electronic banking services for the first time in Yemen and Yemeni banks such as Internet Banking and E-voucher for mobile phone lines through points of sale, mobile ATM service and mobile bank. The Bank owns a network of automated teller machines distributed in various areas of the Republic, the number of operating ATMs is 68, and the number is expected to reach ........ ATMs before the end of the current year.

The bank , through relying on the best standards in banking industry, was able to apply the latest banking technologies that contribute to customer service with the required accuracy and speed, through a computer system network that enables our customers to deposit and withdraw from any bank branch, It is worth noting that YCB has been honored for the sixth consecutive year as the best bank in Yemen for the year 2013 by the British (The Banker) specializing in assessing global banking performance in recognition of its outstanding performance and its ability to develop its strategy during the past years. (The Banker) award is considered an annual event in the banking industry, and this award is presented to the best bank and be the representative of the country to which it belongs. Yemeni Commercial Bank, which won the award for the best bank in Yemen for the years: 2008-2009-2010-2011-2013, has become within a list including famous Arab and foreign banks in the banking market with their global positions, Yemeni Commercial Bank will remain the bank that you trust and will always remain loyal for its customers in providing and latest and best electronic banking services that keep pace with the information technology era.