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

Foreign Minister Calls on German MPs to Designate Houthi Militias Terrorist Organization

The Minister of Foreign Affairs and Expatriates Dr. Afrah al-Zouba held talks today, Thursday, with members of the German-Arab Parliamentary Group and the Defense and Economic Cooperation and Development Committees in the German Parliament (Bundestag) on the developments in Yemen and the repercussions of the Houthi terrorist militias' escalation on civilians and regional and international security.

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: ، 2026/11/05 Time 08:22:11
Latest News:

Yemen Participates in 2026 Women's Economic Empowerment Forum in Paris

Amb. al-Sunaini Informs Japan's Deputy Foreign Minister on Developments in Yemen

Yemen FM Warns of Iran-Backed Houthi Cross-Border Destabilization Project

Coalition Intercepts and Destroys Houthi Ballistic Missile Fired Toward Madinah

Presidential Leadership Council: 'Yemen Dawn' Steadily Moving Toward Achieving Its Goals

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.