Over than YR one billion profits of NBY [Archives:2002/16/Local News]

The National Bank of Yemen (NBY) has issued its annual report (The Results of the Strategy of Change), which contains financial statistics and statements as well as the report of the board of directors and auditors.
“The Bank has maintained its leading position in the banking sector in Yemen not only in terms of overall assets and client’s deposits, but also profits as well,” Abdulrahman Mohammed al-Kuhali, Chairman of the Board of Directors and GM of the bank noted. He added that profits have broken records exceeding YR one billion by an increase rate of 49.1 percent to that of 2000. As a result the revenues on a share rose from YR 273 in 2000 to YR 407 in 2001 by an increase rate of 49.0 percent.
In 2001 the National Bank of Yemen computerized four of its branches. The bank also aims to complete computerizing the information systems project for the remaining branches, including providing the voice banking service.

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