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History of the Bank


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 8.000.110.000  in 2016,
   which goes hand in hand with the requirement of the Central Bank of Yemen.
 

 

Vision:

Pioneering and Leadership in the local banking Sector

 

Bank Values :

Customer Satisfaction ,High professionalism, encouraging the spirit of creativity, team work, institution loyalty and believing in its message.

 

Compliance and Commitment:

 YCB is considered the first commercial bank in Yemen. It was established after the declaration of the blessing Yemen Unity. It is worthy mentioning that related to BCCI, YCB had settled all the payments and deposits of the depositors so all of them obtained their full deposits from YCB unlike what happened in other countries of the world whose depositors were partially compensated for their deposits.

 

Contribution in the Economical Development Process :

Yemen Commercial Bank provided all the bank services for its customers including individuals and companies with high level of efficiency and performance taking a very distinctive position in the Yemeni Bank market. It has also become the main source for the economical construction process in Yemen. YCB has directly participated in the economical development process being the greatest bank to supply the economical developmental projects.

YCB has supplied more than 12 infra structure projects with total fund of YR. 20 Billion the last of which was financing Shakra – Mukalla Road Project in addition to Ibb Tourist Park at the cost of YR. 2 Billion.

 

 Unique Banking Launch :

 

Yemen Commercial Bank started in 2003 a unique and modern banking launch represented in the executing comprehensive banking transactions and applying the electronic and prompt Network services among branches which made a distinctive transmission at he level of efficiency and performance in providing the bank services. YCB was able also to utilize the modern technological progress to providing electronic banking services including ATM, Sale points, phone banking, SMS and money gram transfers and Speed Cash service as well as providing the banking services for the first time in Yemen like the internet banking and electronic charge for Mobile phones through the sale points and the ATM mobile. YCB has a set of ATMs distributed in various places in the Republic of Yemen. The total number of operated ATM is (60) sets and it is expected to reach (63) sets before the end of the current year. The bank, depending on the best banking industry standards, was able to apply the latest banking technologies which contribute to serve customers with the required speed and accuracy through computerized network system which enable our customers deposit and withdraw from any branches of the bank.

It's worthy mentioning that YCB was awarded for the sixth year in arrow(2008 , 2009 , 2010 , 2011 ,2012 & 2013 ) as the best bank in Yemen by The banker .

 

The banker is a british magazine specialized in the assessment of the global banking performance and in recognition of outstanding performance and ability to develop shortage in his remarkable work over the past years.

The banker is an annual award event in the banking industry.

Through this coronation the name of YCB was mentioned in the list of the best Arab and foreign well- known banks in the banking market.

YCB will remain the bank that you trust and loyal to its customers in providing the best electronic banking services up to information technology era.   

  

Our Branches:

The Management has started the implementation of its policy for updating and organizing its branches and improving their general outlook depending on a unified design by redesigning its out hall in that pattern which enable us provide services to our customer properly. The bank has updated a strong and a growing powerful network of branches and local offices in most of the governorates of the Republic of Yemen which till now reached (22) and Mobile Bank Service .  will be inaugurated to enable the bank provides banking and financing services which are required by the individuals and institutions according to the highest banking standards.

 

Leading Products and Services

-           P .O.S

-           Mobile Branch Service       

-           AT M Mobile Service

-           Internet Banking Service

-           E-Voucher

-           Jawaher  Al-tijari Program

In addition, there are other products provided under the traditional banking umbrella.

 


   
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