The Board of Directors of the Deposit Guarantee Institution held its regular meeting, chaired by the governor.
Deposit Insurance Board Holds Regular Meeting in Aden
On Tuesday, June 23, 2026, the Board of Directors of the Deposit Insurance Corporation convened for its regular meeting at the Central Bank of Yemen’s headquarters in Aden. The meeting, chaired by the Central Bank Governor, included board members discussing several important topics.
Institutional Development and Investment Plan
During the meeting, the board reviewed several key agenda items, including:
– Completion of the institutional and organizational framework for the corporation.
– Regulations governing its operations.
– The investment plan.
– Discussion on membership rates and increasing the corporation’s capital.
Members also proposed strategies to enhance the corporation’s readiness, enabling it to fulfill its objectives. These efforts aim to boost confidence in the banking sector and support financial stability.
New Decisions and Specialized Committees
The board made several significant decisions, including the establishment of a governance committee and related committees. The proposed structures and responsibilities will be presented at the next meeting for approval. These initiatives aim to improve institutional performance according to international best practices.
Enhancing Performance with International Standards
The board emphasized the importance of continuing to develop the regulatory, administrative, and technical frameworks of the corporation. Aligning with international best practices in deposit insurance will enhance performance efficiency and protect depositors’ rights, contributing to financial stability in the country.
Chairman’s Statement
At the conclusion of the meeting, the Chairman reiterated that the Deposit Insurance Corporation serves as a fundamental pillar for strengthening the banking sector and fostering trust in the financial system. He highlighted the board’s commitment to completing the institutional and organizational framework, ensuring the corporation can effectively fulfill its role.
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