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

Al-Khanbashi Highlights Role of Media in Promoting Values of National Loyalty, Unity

The Member of the Presidential Leadership Council (PLC)m Governor of Hadramaut governorate Salem al-Khanbashi underscored the media's important role in raising community awareness, promoting values of national loyalty and social cohesion, contributing to the protection of national and Hadrami identity, opposing rumors, discrediting disinformation and hate speech, spreading a culture of responsibility and tolerance, all of which enhance unity and serve the community and the nation’s interests.

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: ، 2026/11/10 Time 02:09:09
Latest News:

Ministry of Transport Welcomes IMO's Condemnation of Houthi Attacks on Commercial Ships

Coalition Intercepts and Destroys Houthi Ballistic Missile Targeting Southern Saudi Arabia

Yemen Ambassador Meets Indonesian Presidential Advisory Council Member

Yemen, Indonesia Discuss Cooperation on Migration and Rehabilitation Affairs

Yemen’s Ambassador Discusses Bilateral Relations, Developments in Yemen with Liberia’s Foreign Minister

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.