Yemen Construction and Development Bank Board Meets Post-Aden Relocation

The Governor of the Central Bank of Yemen convened a pivotal meeting with the Chairman and members of the Board of Directors of the Yemen Construction and Development Bank (YCDB) on Tuesday, June 23, 2026. This marks the first such gathering since the bank's headquarters and operations were relocated to the temporary capital, Aden.

The meeting focused on reviewing the efforts undertaken to normalize the bank's status following its repositioning and the transfer of its main office to Aden. Discussions covered the progress made in preparing the work environment, equipping banking and operational systems, and completing institutional development requirements to enhance the bank's readiness for efficient and effective resumption of its activities.

Attendees expressed satisfaction with the level of achievement in executing the required tasks and normalizing operational conditions across the bank and its branches. They commended the significant efforts of the team responsible for the relocation and re-establishment process, acknowledging the measures taken to secure systems and retain staff, with substantial support from the Central Bank of Yemen.

The Governor of the Central Bank affirmed the Central Bank's leadership's commitment to providing comprehensive support to the YCDB, enabling it to overcome current challenges and achieve improved performance in the coming phase. He highlighted the YCDB's status as a long-standing national financial institution with special significance to Yemenis, intrinsically linked to development and construction throughout historical milestones since the September 26th revolution, underscoring the necessity of strengthening its role and restoring its leading position in the banking sector.

In response, the Chairman of the YCDB Board and its members conveyed their deep appreciation for the support received from the Central Bank of Yemen's leadership. They valued the continuous oversight and attention that contributed to the success of the repositioning, normalization of affairs, and the resumption of the bank's activities after moving its headquarters and operations to Aden.

They reaffirmed the commitment of the Board of Directors and executive management to continue working towards completing institutional development requirements and enhancing banking performance. This endeavor aims to strengthen the bank's capacity to serve its clients and contribute to supporting economic activity and national development.