VOL. XLI

No. 16

20-April-1998

YEMEN

New National Bank For Trade And Investment In Yemen

The Yemeni Central Bank has licensed a new private bank. The National Bank For Tradeand Investment is now operational and has an initial capital of YR1bn ($7.6mn), which maybe increased within the next few years, bankers in Sana say. The bank is a joint venturebetween Yemeni bankers, financiers and businessmen and as yet unidentified foreignparties. At MEES press time the exact ratio of foreign ownership is...