wetzoeker

Article 20 Verdrag betreffende de Aziatische Infrastructuurinvesteringsbank

FINANCES OF THE BANK

1 In the Bank’s ordinary operations, in cases of arrears or default on loans made, participated in, or guaranteed by the Bank, and in cases of losses on equity investment or other types of financing under sub-paragraph 2 (vi) of Article 11, the Bank shall take such action as it deems appropriate. The Bank shall maintain appropriate provisions against possible losses.

2 Losses arising in the Bank’s ordinary operations shall be charged:

(i) first, to the provisions referred to in paragraph 1 above;

(ii) second, to net income;

(iii) third, against reserves and retained earnings;

(iv) fourth, against unimpaired paid-in capital; and

(v) last, against an appropriate amount of the uncalled subscribed callable capital which shall be called in accordance with the provisions of paragraph 3 of Article 6.

Regeling
Verdrag betreffende de Aziatische Infrastructuurinvesteringsbank
Soort
Verdrag
Geldend vanaf
25-12-2015
BWB-id
BWBV0006531
Versie
2015-12-25_0

In de hele regeling · Officiële tekst op wetten.overheid.nl