Their News [Archives:2008/1184/Local News]
CAC Bank & American Express discusses mutual cooperation sectors
The Chairman, Board of Directors of CAC Bank Mr. Hafiz Me'ayad and the Regional Manager of American Express for Yemen and Oman Mr. Omer Abdellah Al-Beity yesterday discussed the procedures of implementing the cooperation agreement signed by both ends last May to commence the issuance of Credit Cards.
During the meeting, the Chairman, Board of Directors of the bank outlined the steps taken so far to issue the Silver, Golden and Platinum Credit Cards for VIP clients of the bank.
Mr. Me'ayad stated that a team from the bank has been delegated to the Head Office of American Express in Bahrain to acquire the necessary training to market and promote the use of Credit Cards in the Yemeni market.
Mr. Me'ayad measured this agreement as a leap forward that should be added to the overall achievements and the continuous improvements of the Bank in banking and credit services.
From his side, the Regional Manager of American Express for Yemen and Oman said that concluding the agreement with CAC was due to the vast experience and proficiency of the bank's employees and the technology backed up services rendered to the bank's clients as well.
He clarified that American Express is confident that the bank shall accomplish all the required tasks that would make the issuance and promotion of the Credit Cards work as planned.
The bank has signed a membership agreement with American Express last May to issue Silver, Golden and Platinum Credit Cards for VIP clients.
CAC Bank is the second member bank of American Express in Yemen authorized to issue the Credit Cards.
American Express was established in 1850 as a global company operating in the areas of financial services, check handling and travel and tourism with activities in 18 different counties in the Middle East & North Africa.
The meeting was attended by the Advisor to the Chairman, Board of Directors of the bank, Mr. Walid Al-Dube'e and Mr. Gary Kiln the Manager, Strategic Relations of American Express for the Middle East & Africa.
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