Tadhamon Bank held its ordinary general assembly on Tuesday, September 15, 2020. In the meeting Tadhamon Bank was keen to take all measures related to health and safety, and to ensure that participants were committed to social distancing applying for the Ministry of Health guidelines regarding COVID-19.

The meeting was opened by the Chairman of the Board of Directors of Tadhamon Bank Mr. Abdul-Jabbar Hayel Saeed Ana'm, who welcomed the attendees, expressing his appreciation for the proactive decisions taken by the government and the Central Bank to confront the repercussions of the COVID-19 outbreak on the economy and the banking sector. Stressing his confidence in the durability of the banking sector and its ability to overcome challenges and crises.

Over the past 24 years of success during which the bank was able to deal with various challenges and circumstances, and today the bank continues striving to take advantage of growth opportunities. The clear efforts made by the executive management, relying on the implementation of the plans and directions of the Board of Directors, have contributed to the success of the bank’s work.

Tadhamon Bank continues its successful journey based on its clear strategy, distinguished presence and strong branding, and supported by its ancient history and unique position as one of the first banking businesses in Yemen since its opening in 1996. The bank developed and expanded its activity during many decades and various political, economic and social circumstances.

Tadhamon Bank has achieved a net profit of 2.4 billion Yemeni Riyals for the year 2019, with increase of 369% over the results of the previous year. In addition to distribute profits on the deposits of its customers with amount of 12.3 billion Yemeni Riyals for the year 2019, with increase of 29% over the previous year.

The bank also recorded an increase in the size of its budget at the end of the year 2019, as the size of its consolidated budget reached 547 billion Yemeni Riyals compared to 542.6 billion Yemeni Riyals for the previous year. As well as its customers' deposits rose to an amount of 428.4 billion Yemeni Riyals at the end of 2019.

The year of 2019 witnessed many achievements for the bank on many levels, starting with the record profits that have been achieved, as well as the interest in social responsibility and the opening of centers in major cities and districts.

The success of the bank's journey towards digital transformation is the most prominent feature of the achievements during the year 2019. As the sustainable investment in the latest technologies is a feature that distinguishes the bank's performance, and an integral part of the strategy and vision. Tadhamon Bank has realized the importance of digital transformation, and the application of the latest technologies, which simplify and facilitate the provision of banking services.  This provision put the bank at the forefront to obtain a unique and distinct banking experience.