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

Foreign Minister Confers with Her Djiboutian Counterpart over Joint Cooperation

The Minister of Foreign Affairs and Expatriates Dr. Afrah al-Zouba discussed today, Saturday, with her Djiboutian counterpart Abdelqader Omar bilateral relations and cooperation between the two countries.

Three Palestinians Killed, 10 Injured in Israeli Airstrikes on Gaza

Three Palestinians were killed and more than 10 others injured on Saturday in a series of Israeli airstrikes targeting several areas across the Gaza Strip.

Korea's Travel Account Posts Surplus for 3rd Month in Row

South Korea reported a surplus in its tourism account for the third month in a row in May, driven by a rise in the number of foreign tourists, reaching $220.5 million in May compared to a deficit of $820.2 million in the same month last year.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/08/01 Time 11:22:48
Latest News:

Minister of Public Works, Taiz Governor Launch Nashmah–Hawban Qadas Road Rehabilitation Projec

Yemeni, Egyptian FMs Discuss Bilateral Ties, Regional Security

Four Injured as Fire Destroys 23 Shelters at Marib Displacement Camp

Hadramout Security Forces Arrest Key Suspects in Journalist's Killing

Civilian Fatally Shot by Houthi Sniper in Western Taiz

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.