The Acting Chairman of the Board and CEO of Cooperative Agricultural Credit (CAC) Bank, Mr. Hashed Al-Hamdani, met with the French Ambassador to Yemen, Ms. Catherine Camoin, and the Political and Economic Attaché at the Embassy, Mr. Hussein Rashid, at his office in the bank's headquarters in Aden. They discussed ways to activate the joint economic cooperation between the bank and French banks.

At the beginning of the meeting, Al-Hamdani welcomed the Ambassador's first visit to CAC Bank, expressing hope for repeated visits and strengthened cooperation between the Embassy and the government-owned bank in supporting economic development and enhancing the bank's national role in providing banking services and contributing to the stability of the national currency exchange rates under the supervision of the Central Bank of Yemen.

The CEO of CAC Bank emphasized the bank's desire to work with French development agencies and activate joint cooperation in implementing development programs and utilizing various financing provided to Yemen. This would contribute to creating income-generating projects within the country, especially in the fields of agriculture, sustainable fishing, and small project development.

Al-Hamdani also expressed his aspiration for the French Embassy and the European Union, in general, to contribute to adopting capacity-building programs for banking professionals working in CAC Bank and other banks in the Yemeni banking sector. He highlighted the importance of reactivating CAC Bank's banking relations with French banks, which were disrupted due to the unfortunate events that Yemen witnessed after 2014. He praised the significant banking role played by France with its European economic weight.

On her part, the French Ambassador to Yemen expressed her delight in visiting CAC Bank and being acquainted with the bank's banking activities. She affirmed her welcome to the mutual cooperation with the bank and her support for assisting the Yemeni banking sector as a whole, which would activate direct relations between the bank and French banks.

The meeting was attended by the Deputy CEO of the Support Operations Sector, Shakib Aliouh, Fawaz bin Shaibah, Deputy CEO of the Islamic Sector, Jihad Al-Hakimi, Deputy CEO of the Investment and Companies Sector, Abdo Mohsen, Director of the Strategic Planning Department, Mu'in Basel, Director of the Compliance Department, and Majid Al-Da'ari, the Bank's Media Advisor.