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...
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