BWBV0004742
Artikel 23
Verdrag tot oprichting van de Bank voor Economische Samenwerking en Ontwikkeling in het Midden-Oosten en Noord-Afrika
a). 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, the Bank shall take such action as it deems appropriate. The Bank shall maintain appropriate reserves and/or provisions against possible losses.
b). Losses arising in the Bank’s ordinary operations shall be charged:
(i) first, to the provisions referred to in paragraph (a) of this Article;
(ii) second, to net income;
(iii) third, against reserves and retained earnings;
(iv) fourth, against the 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 d) of Article 2 of Schedule A of this Agreement.
b). Losses arising in the Bank’s ordinary operations shall be charged:
(i) first, to the provisions referred to in paragraph (a) of this Article;
(ii) second, to net income;
(iii) third, against reserves and retained earnings;
(iv) fourth, against the 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 d) of Article 2 of Schedule A of this Agreement.
- Citeren als
- Art. 23
- Status
- Geldend recht
- Identificatie
- BWBV0004742
- Officiële bron
- wetten.overheid.nl