http://www.english.hadhramaut.info Capital Intelligence gives "positive" outlook to IBY [The Source: SANA'A/hadharamaut.info/sabanews.net - 21/01/2011] Capital Intelligence (CI) has announced that it has assigned a 'Positive' Outlook to International Bank of Yemen's (IBY) Financial Strength rating which currently stands at 'B'. CI, the international credit rating agency, affirmed IBY's Long-Term and Short-Term Foreign Currency ratings at 'B' and 'B' respectively with a 'Stable' Outlook. Both ratings are constrained by Yemen's Sovereign rating.IBY's Support rating was maintained at '4'. All ratings continue to reflect the very challenging operating environment.In line with the banking sector profile, IBY's loan portfolio is relatively small as a proportion of total assets with the major asset category including Yemeni government treasury bills. IBY was established in January 1979.. The Bank administers its operations in Yemen through its head office located in Sana'a and eighteen other branches in Sana'a, Aden, Hodeidah, Taiz, Seiyun and Mukalla. It also has a branch in Djibouti.IBY controls around 11 per cent of Yemeni banking system assets. At year-end 2009, IBY's total assets amounted to YR147,606 mllion (US$712 million). As at end-June 2010, total assets increased by 20 per cent to YR 177,364 million driven by customer deposits.