Central Bank of Yemen rises minimum amount of the small finance banks' capital

Minister of Planning Seeks British Support for National Development, Stability Plan

The Minister of Planning and International Cooperation Dr. Afrah al-Zouba held talks today, Monday, in London, with the UK Minister of State for Development Baroness Jenny Chapman on the Yemeni-British cooperation and the aspects of the British support for Yemen.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/18 Time 09:37:32
Latest News:

Al-Eryani Receives Invitation to Participate in Arab Information Ministers' Meeting from Libyan Ambassador ..

Presidential Leadership Council Member Mahmoud al-Subaihi Receives UN Delegation in Aden

President Reaffirms State Commitment to Fully Resolving Detainees File

Deputy Health Minister Launches Dengue and Vector Disease Response Package in Eight Governorates

Legal Affairs Minister, UN Rights Office Discuss Legislative Reform and Expanded Cooperation

Central Bank of Yemen rises minimum amount of the small finance banks' capital

[07/01/2024 04:36]

ADEN - SABA
The Central Bank of Yemen (CYB) issued a decree stipulates that the minimum amount of the capital of each small finance bank which is licensed to operate in the Republic of Yemen shall be increased up to15 billion Yemeni Rial (YR).

The decree, which is published on the CYB's website, stressed that the concerned banks shall get the minimum amount completed within two years starting from 2024 provided that each small finance bank must get 50% of the required capital completed each year starting from this year 2024 and the deadline to get the amount completed is December 31.2025.

Under the decree those banks which obtained initial license from the CYB to operate as small finances banks should get required 50% increase of the capital completed before granting the final license and should get the remain increase completed during 2025.

The decree gave the concerned licensed bank the right to use their reserves after a written approval in advance by the CBY in order to fulfill the required minimum amount, otherwise no bank can get or maintain the license if it doesn't meet the provision of the minimum amount of the paid capital.