Houthis storm Tadhamon Bank in Sanaa

Debriefer
2020-11-12 | Since 12 Hour

SANAA (Debriefer)--The Tadhamon International Islamic Bank on Thursday held the Central Bank of Yemen in the Houthi-controlled Sanaa fully responsible for serious consequences of cessation of its operations after the bank's head office was stormed by security members.
The move was a serious precedent of dealing with the banking system in the country, the bank said in a second statement in the past 72 hours.
It will affect the activities of humanitarian agencies that are partnering with us to deliver aid to the most vulnerable people, it said, affirming that it always operates in accordance with local and international laws and standards.  
The bank is one of the largest banks in the country, with assets of more than $2 billion. It is part of the Hayel Saeed Anam Group, a dominant trading and industrial group for decades.
Members of the Houthi intelligence system stormed its head office on Wednesday and ordered to halt all operations in it and all branches.
Negative impacts of such practices would affect the whole banking system and could lead to the shutdown of all economic activities, the statement said, criticising pressure on Yemeni banks from the authorities in Sanaa and Aden. 
In Aden, the governor of the Central Bank has summoned directors of all banks over a reported violation of some regulations, it said.


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