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

National Alliance of Political Parties: Houthi Militia Statement Represents Dangerous Escalation Targeting Yemen, Region's Stability

The National Alliance of Political Parties and Components has stated that the recent statement issued by the spokesperson of the Iranian-backed Houthi terrorist militia constitutes a dangerous escalation aimed at undermining the stability of Yemen and the wider region.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/07/05 Time 06:37:36
Latest News:

Minister al-Soqtari Discusses Enhanced Cooperation with FAO on Plant Protection

International Exhibition Opens in Geneva to Highlight Yemen's Humanitarian Crisis

Planning Minister Meets German-Yemeni Association Leadership to Advance Cultural Cooperation

Ambassador Tareq, Turkish Vice Foreign Minister Discuss Strengthening Bilateral Cooperation

Rights Group Documents 752 Enforced Disappearance Cases in Houthi Detention Facilities

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.