Corporate and Institutional Account
Corporate and Institutional Banking
Banking Facilities for Individual Institution, Corporations, Governmental Entities and International Organizations
Conditions for opening a corporate and institutional account
1. Individual Institution:
- Formal Letter requesting opening an account, signed by owner
- Commercial Record
- License to Practice the Profession
- ID of the owner of the Individual Institution
Remark: All documents must be valid
2. Corporations
- Formal Letter requesting opening an account signed by the authorized corporate representative according to its Statute, such Board of Directors, or the General Manager
- License Decree from the Ministry of Industry to establish the company
- Commercial Record
- Tax Card
- IDs of Authorized Persons
- IDs of the Founders (Partners)
Remark: All Documents must be valid
- 3. Civil Society Institutions
- Formal Letter requesting opening an account, signed by the founder(s)
- Original letter from the Ministry of Social Affairs approving opening the account and identifying authorized signatories.
- True copy of the Establishment Contract stamped by the Ministry of Social Affairs and Labor
- True copy of the Statute stamped by the Ministry of Social Affairs and Labor
- IDs of the authorized persons
- IDs of the Founders
Remark: All documents must be valid
4. Governmental Entities
- Original copy letter from the Ministry of Finance approving opening the account and identifying authorized signatories.
- Formal Letter requesting opening an account, signed by the authorized signatory (ies)
- Original copy from the Central Bank approving opening the account.
- True copy of the appointment decisions for the authorized signatories
- Valid IDs of authorized signatories.
5.International Organizations
- An original letter from the organization’s HQ to open an account approved by the Yemeni Embassy and authenticated from the Ministry of Foreign Affairs
- An original Letter identifying the signatories approved by the Yemeni Embassy and authenticated from the Ministry of Foreign Affairs.
- Agreement with Ministry of Planning with a letter from the ministry, or an agreement and letter from the Higher Council for Management and Coordination of Humanitarian Affairs and International Cooperation approving opening the account.
- Valid IDs of authorized signatories, or passports of a non-Yemeni signatory with valid residency.
Remarks:
All the above also must also include: - Filling Bank’s forms for opening an account
- Filling “KYC” form
- The presence of the account holder or the person authorized to sign in person to open the account or sign the account opening agreement at the Yemeni embassy and ratify it by the Yemeni Ministry of Foreign Affairs, or it is possible to authorize another person to manage the account or follow the procedures for opening the account after that.
Frequently Asked Questions
The Supreme Administration of the bank established a new department called Al-hodhod particular to take care of our customers abroad.
You may contact us on
Land phone: 01-407000
Cell: 735888444
- Fast Transferring from/to your bank accounts.
- Free ATM card.
- Easy Access to the accounts via free electronic Banking Service.
- The interest can be counted based on a minimum credit through a month; its entry will be every six months (semiannual) to the account.
- 24-hour ability to deposit/ withdraw your money via Bank ATMs over all areas in Yemen.
- Free periodically account statement.
- E-banking Service.
- Free SMS regarding to account turnover issued upon request of the customer.
- 24-Hour free online E-banking Service.
Deposit accounts either are available for all customers' retails, institutions, or businesspersons. They all can get benefit of investing their money with high competitive interests for different periods of links up to one year. They can open accounts in either local currency or foreign currencies.
Getting a free Visa Electron card.
- Take advantage of online services 'Messaging Bank', 'the phone Bank'.
- Get what you need from loans and advances to meet your needs with exclusive conditions. Free Balance and financial movements executed on your account by signing up for the service SMS is free of charge.
- Free SMS
As far as you open an account, you get free ATM card.
Free phone number via CDM: 800600 or GSM: 6000
Available for all customer inquiries through phone bank service 24 hours-7 days.
