New commercial bank launched in Yemen

Senior banking sources reported that the Yemeni Central Bank issued a permit to Yemeni and Gulf investors to establish a new commercial bank, reported ksaToday . The same source added that the new ba

Senior banking sources reported that the Yemeni Central Bank issued a permit to Yemeni and Gulf investors to establish a new commercial bank, reported ksaToday . The same source added that the new bank was already registered in Yemen under the name, The Yemen Bank and obtained a final permit from related monetary authorities. The value of the bank’s paid-up capital stands at YR 1 billion ($11.76 million). — (menareport.com)