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

Yemen, Arab League Discuss Developments and Strengthening Support for Yemen

Foreign Minister Dr. Afrah al-Zouba discussed developments in Yemen and ways to strengthen Arab coordination in support of the Yemeni government and people during a phone call on Wednesday with Arab League Secretary-General Nabil Fahmy.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

EU Allocates 525 Million Euros to Support Startups in Chip Design

European Commissioner for Technological Sovereignty, Security and Democracy, Hana Verkonen, announced that the European Union (EU) has allocated 525 million euros to support startups in the field of chip design.

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: ، 2026/11/12 Time 03:02:56
Latest News:

Al-Arada Discusses Houthi Escalation and Taiz Siege with British Ambassador

Coalition Intercepts and Destroys Two Houthi Drones Over Saudi Arabia

Taiz Governor Discusses Cash Shortages, Food Supply Stability with Central Bank

Yemen, UN Release Third Update of Nationally Determined Contributions at COP31

National Battle Steadily Moving Toward Achieving its Planned Objectives—Members of PLC stressed

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.