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

China reaffirms its commitment to supporting peace efforts in Yemen

The Deputy Speaker of the Shura Council Dr. Abdullah Abu Al-Ghaith praised China's principled positions in supporting the internationally recognized Yemeni government and leadership and backing Yemen's unity, security and stability in various international forums, deeply appreciating the Chinese substantial development and humanitarian support for the Yemeni people across different fields.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Public debt in Germany rises 2.1 percent

The total public debt in Germany rose to 2,608.8 billion euros by the end of the third quarter of 2025, an increase of 54.8 billion euros, equivalent to 2.1 percent, compared to the second quarter of the same year.

Morocco and Senegal qualify for the semi-finals of the Africa Cup of Nations

The Moroccan national team qualified for the semi-finals of the Africa Cup of Nations after defeating Cameroon 2-0 in their match at Prince Moulay Abdellah Stadium in the Moroccan capital, Rabat.

Last Update: ، 2026/01/22 Time 05:31:09
Latest News:

Prime Minister receives Non-Resident Ambassador of Portugal

President al-Alim meets with Ambassadors of countries sponsoring peace process in Yemen

Aden Local Authority: No Tolerance for Any Attempts to Undermine Public Tranquility

Government Welcomes Announcement of Peace Council

Signing Tripartite Agreement to Operate 70 Power Stations in Yemen with Saudi Support

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.