YBRD

AcronymDefinition
YBRDYemen Bank for Reconstruction and Development (Sana'a, Yemen)
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Prior to being suspended in January 2016, YBRD's Long-Term and Short-Term Foreign Currency Ratings were 'C+' and 'C', respectively.
YBRD was established in Sana'a, Republic of Yemen, on 28 October 1962 as a public shareholding company.
The YBRD is one of the first active contributors and founders of the BCI in Djibouti by 16 percent of its capital, in which France contribute with 51 percent and Djibouti with 33.
5 August 2011 - Capital Intelligence chopped by one notch on Thursday to B- the long-term foreign currency rating of Yemen Bank for Reconstruction and Development (YBRD).
Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed Yemen Bank for Reconstruction and Development's (YBRD) Long-Term and Short-Term Foreign Currency ratings at 'B' and 'B' respectively.
YBRD has a sound domestic franchise in the Yemeni banking sector.
YBRD's principal business strategy is to continue to grow its asset base and build its banking franchise in Yemen.
As with most peer banks, YBRD, majority owned by the Yemeni government, has a balance sheet comprised by a little under two thirds Yemeni government Treasury bills.
YBRD's Long-Term and Short-Term Foreign Currency Ratings are set at 'C+' and 'C', respectively.