CBY: FUNDING OF COMMERCIAL AND ISLAMIC BANKS REACHED YR 444 BLN IN 1ST Q OF 2010

SANA'A, May 09 (Saba)- The Central Bank of Yemen (CBY) has said that the total funding of commercial and Islamic banks in the country reached YR 444 billion during the first quarter of 2010.

According to a CBY report, the deposits of these banks reached YR 423 billion during the same period.

The unified budget of these banks increased YR 206 billion in this period from up to 1.7 trillion compared 1.5 trillion in same period of 2009, the report said.

The report added that foreign assets of these banks reached YR 2.2 billion in this period against YR 1.5 billion for same period of last year.

Moreover, the report made it clear that the reserves of the banks grow at YR 234 billion until end of April, 2010.

AH