CAC Bank Competitors

الصفحة الرسمية للبنك المركزي اليمني

The Yemen Commercial Bank is a Yemeni closed joint-stock company established in accordance with Central Bank of Yemen's decree No 2783 dated 28/1/1993. The Bank was given the commercial permit by the Ministry of Trade and Supplies based on the Trade and Supplies Minister's decree No 32/1993 dated 1993. A Success Story - The Yemen Commercial Bank is the first private bank established after the Yemeni Reunification. - An elite group of Yemeni businessmen contributed in the establishment of the Bank with 90% of the capital, and 10% belongs to the Yemeni Petroleum Company. - The capital contributed to establish the Bank ran up to YR 250 million, which was larger than any capital amount paid by any Yemen-working bank in that period. - The capital amount had kept on increasing to the point it reached YR 6.137.390.000 in 2008, which goes hand in hand with the requirement of the Central Bank of Yemen