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Last Update: ،
2026/10/16
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02:31:03
Latest News:
UN Security Council Condemns Houthi Escalation in Yemen, Reaffirms Saudi Arabia’s Right to Self-Defence
President al-Alimi asks about Colleagues' Safety Following Houthi Missile Attack on Maashiq Palace
Houthi Terrorist Militias Fire 16 Ballistic Missiles, Projectiles on Residential Areas in Marib City ..
High Committee to Combat Smuggling Discuss Tightening Control over Entry Points
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Latest News:
UN Security Council Condemns Houthi Escalation in Yemen, Reaffirms Saudi Arabia’s Right to Self-Defence
President al-Alimi asks about Colleagues' Safety Following Houthi Missile Attack on Maashiq Palace
Houthi Terrorist Militias Fire 16 Ballistic Missiles, Projectiles on Residential Areas in Marib City ..
High Committee to Combat Smuggling Discuss Tightening Control over Entry Points
Minister of Human Rights Seeks Dutch Relief Coalition's Support for IDPs
Banaja: CBY grants 6 licenses to microfinance banks
[06/02/2023 12:25]
Mukalla – Saba
Deputy Governor of the Central Bank, Dr. Muhammad Banajah, stressed the importance of establishing microfinance banks that specialize in financing small projects whose owners are often young people and the most numerous groups of the labor force.
"The Central Bank of Yemen has recently granted licenses to 6 banks, some of which are existing and carrying out their activities, and some that are under opening," Banaja said at the inauguration ceremony of Al-Basiri Microfinance Bank, today, in the city of Mukalla, Hadramout Governorate.
He added, "The granting of licenses to these banks parallel to the establishment of large commercial banks comes to achieve a number of development goals, including raising the participation rate in the national economy for a wide category of the labor force, expanding the ownership base in society, optimal employment of human and material resources, achieving social stability and absorbing part of unemployment among among youth.
Deputy Governor of the Central Bank, Dr. Muhammad Banajah, stressed the importance of establishing microfinance banks that specialize in financing small projects whose owners are often young people and the most numerous groups of the labor force.
"The Central Bank of Yemen has recently granted licenses to 6 banks, some of which are existing and carrying out their activities, and some that are under opening," Banaja said at the inauguration ceremony of Al-Basiri Microfinance Bank, today, in the city of Mukalla, Hadramout Governorate.
He added, "The granting of licenses to these banks parallel to the establishment of large commercial banks comes to achieve a number of development goals, including raising the participation rate in the national economy for a wide category of the labor force, expanding the ownership base in society, optimal employment of human and material resources, achieving social stability and absorbing part of unemployment among among youth.
Key words:
establishment - participation - establishing - Microfinance - inauguration - unemployment - microfinance - development - Governorate - employment -
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