The National Bank of Yemen is fully state-owned under the supervision of the Minister of Finance. Its head office is in Crater, Aden, Republic of Yemen. It was established in 1969 and now has 27 branches in 11 major cities in Yemen, and a branch on the Isle of
Socotra
Socotra or Soqotra (; ar, سُقُطْرَىٰ ; so, Suqadara) is an island of the Republic of Yemen in the Indian Ocean, under the ''de facto'' control of the UAE-backed Southern Transitional Council, a secessionist participant in Yemen’s ...
.
History
In 1969, the People's Democratic Republic of Yemen nationalised all the branches of foreign banks in Aden, including the branches belonging to
Arab Bank
Arab Bank is one of the largest financial institutions in the Middle East, founded in 1930 in Jerusalem, Mandatory Palestine, as the first private sector financial institution in the Arab world. Headquartered today in Amman, Jordan, it serves c ...
,
Bank of India
Bank of India (BOI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founder member of SWIFT (Society for Worldwide Inter B ...
,
British Bank of the Middle East (BBME),
Chartered Bank
The Chartered Bank of India, Australia and China (informally The Chartered Bank) was a bank incorporated in London in 1853 by Scotsman James Wilson, under a Royal Charter from Queen Victoria. ,
Habib Bank,
National and Grindlays Bank. The next year, National Bank of Southern Yemen incorporated all the banks in the country; this is now National Bank of Yemen.
See also
*
List of banks in Yemen
This is a list of banks in Yemen.
Central bank
* Central Bank of Yemen
Local banks
* National Bank of Yemen
* Tadhamon International Islamic Bank
* Yemen Commercial Bank
See also
* List of banks in the Arab world
{{Asia topic, Lis ...
External links
{{Portal, Banks
See also: National Bank of Yeme
Banks of Yemen