The Yemen Commercial Bank is a Yemeni closed joint-stock company established in accordance with
Central Bank of Yemen
The Central Bank of Yemen ( ar, البنك المركزي اليمني) is the central bank of Yemen.
The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.
The Centra ...
'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 .
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 6,653,890,000 in 2009, which goes hand in hand with the requirement of the Central 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, List of ...
References
{{Authority control
Banks of Yemen