The International Bank of Yemen (IBY) expressed its regret over the erroneous news and rumors that are circulating through some social media pages and accounts, which aim to stir controversy and discredit the bank.
In a statement received by the Yemeni News Agency (Saba), the bank explained that this information comes within the framework of the special objectives of some beneficiary parties, ignoring the efforts made by the bank since 2015 in facing the difficult economic challenges that Yemen is going through.
“The bank has been operating professionally for more than 45 years, in accordance with the legal regulations and instructions issued by the Central Bank of Yemen, in addition to applying the best international standards in banking, and as a result, the bank has won the trust of many international organizations , major local and international companies,” the statement said.
The bank indicated that it operates with full transparency, as it annually publishes its audited financial statements approved
by certified public accountants and the Central Bank of Yemen, which reflects its financial strength as a leading institution in the Yemeni banking sector.
The bank’s assets exceed one billion dollars and its capital amounts to 46 billion riyals, making it the largest bank operating in the Yemeni Republic .
The statement indicated that the liquidity crisis experienced by the bank is due to reasons beyond its control, and that it is currently working in cooperation with the Central Bank of Yemen to reach urgent solutions. Expressing optimism that the crisis will end by the end of this year.
Yemen International Bank confirmed that it reserves its legal right to sue any party or person who published false news aimed at tarnishing its reputation or damaging the Yemeni banking sector. It called on his customers not to be drawn behind rumors and to rely on official sources to obtain information, stressing that the bank is taking all necessary measures to ensure the preservation of customer funds.
Source: Yemen
News Agency