The International Bank of Yemen denied the rumors circulated by activists on social media that the bank was bankrupt, and said that they were false and aimed to distort the bank’s reputation by what it called beneficiaries.

The bank acknowledged the existence of a liquidity crisis due to reasons beyond its control, stressing that it will work to resolve it as soon as possible and before the end of this year.

The bank indicated that it has been operating with high professionalism for more than forty-five years, in accordance with legal systems and regulations, and applies the best international standards. It said that it has assets exceeding one billion dollars and a capital of forty-six billion dollars, as the largest capital among banks operating in the country. The Republic, according to the statement.

The bank confirmed that it has taken all necessary measures to ensure the preservation of its customers’ funds, and that it reserves its legal right to sue any persons or entities that spread false news that would defame the bank’s reputation.