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The International Bank of Yemen (IBY) was established
in January 1979 by a Presidential decree. The bank
administers its operations in the Republic of Yemen
through it head office and 19 branches, 9 in the capital
city and the others in Aden, Hodeidah, Mukalla, Taiz,
Ibb, Sayun, and Dhamar.
Established with a capital of YR50 million,
which has now increased to YR5,100,000,000. This
substantial growth reflects real progress in the banks
activities and in it profitability, inspiring the trust
and confidence. To cater for further expansions, the
board of directors recently decided to raise the capital
base to YR9 billion.
In May 2002 IBY moved into its new purpose-built
premises. |
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