Hadhramout Commercial Bank opts for ICS Banks core banking system
A new bank in Yemen, Hadhramout Commercial Bank (HCB), has selected the ICS Banks core banking system from regional banking tech vendor ICS Financial Systems (ICSFS).
Hadhramout Commercial Bank and ICS Financial Systems. Image source: ICSFS
The bank will provide commercial, retail, investment, corporate, digital, and private banking products and services underpinned by the ICS Banks platform.
“As a new bank in the Yemeni market, we believe that success will never be achieved without strong partnerships,” comments Khaled Mohammed Adel Jabr, HCB’s general manager.
“Considering the special circumstances in our region and especially in Yemen, the selection criteria elements for the core banking software were very critical,” he says.
“Fortunately, ICSFS’ decent reputation and wide experience in Yemen, and other similar markets for both conventional and Islamic banking, had made the technical selection decision relatively easy for HCB’s management, and outweighed ICSFS as a strategic partner for our new business.”
Other ICS Banks users in the country include National Bank of Yemen, Islamic Yemen Kuwait Bank, and Yemen Commercial Bank.
