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Last Update: ،
2026/11/05
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07:02:51
Latest News:
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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
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 -
Foreign Minister Calls on German MPs to Designate Houthi Militias Terrorist Organization
Amb. al-Sunaini Informs Japan's Deputy Foreign Minister on Developments in Yemen
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Coalition Intercepts and Destroys Houthi Ballistic Missile Fired Toward Madinah
Presidential Leadership Council: 'Yemen Dawn' Steadily Moving Toward Achieving Its Goals
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