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

'MASAM' Removes 5164 of Landmines, UXO, IED in September

King Salman Humanitarian Aid and Relief Center's Demining Project in Yemen, known as " MASAM" managed to remove 5164 of landmines, unexploded ordnances (UXO) and improvised explosives devices (IED) since the beginning of September until 25 of it.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Gold Rises Over 1 Percent

Gold prices rose more than one percent today, Thursday, as investors digested the U.S. interest rate hike and hints of further monetary tightening, while the rally in oil prices came to a halt.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/09/27 Time 02:23:33
Latest News:

Presidential Leadership Council Member Bawazir Praises UN Secretary-General Support for Yemen

Foreign Minister Briefs Secretary-General of OIC on Developments in Yemen

Leadership Council Member Discusses Bilateral Relations, Developments in Yemen with Russian Foreign Minister

Baaker Discusses Arrangements for Signing a Memorandum of Understanding Between the Two Diplomatic Institutes ..

Al-Alimi Discusses Humanitarian Crisis with UN Official

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.