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

Chief of Staff discusses with French Ambassador strengthening military, security cooperation

The Chief of the General Staff and Commander of Joint Operations Lieutenant General Saghir bin Aziz discussed Monday with the French Ambassador to Yemen Catherine Corm-Kamoun and the French Military Attaché, strengthening military and security cooperation.

Israeli Aggression Leaves 71,769 Gazans Martyred, 171,483 Injured

The death toll from Israel's aggression on Gaza since October 7, 2023, has risen to 71,769 martyrs and 171,483 injured, medical sources reported.

S. Korea's exports rise 33.9 percent in January

South Korea's exports jumped 33.9 percent year-on-year to reach $65.85 billion in January, driven by strong demand for semiconductors.

Paris Saint-Germain temporarily tops the French league after their win against Auxerre

Paris Saint-Germain defeated Auxerre 1-0 in their Ligue 1 match on Matchday 19.

Last Update: ، 2026/02/03 Time 07:14:02
Latest News:

Masam Project Clears 2,108 Houthi-Laid Mines in One Week

Human Rights Ministry Uncovers Grave Violations Committed by Emirati Officials and Foreign Mercenaries

President Warns Against Replicating Houthi Militia Violations Against Journalists and Public Freedoms

Prime Minister Receives UNDP Resident Representative to Yemen

Ambassador Eryani Discusses Developments in Yemen with German Foreign Ministry 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.