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Financial Report 2018

12-Jun-2019

The capital stock of the Bank is composed of paid-up and callable capital. The paid-up capital is the amount of capital payable over a period determined by the Board of Governors’ resolution approving the relevant General Capital Increase. The Bank’s callable capital is subject to payment as and when required by the Bank, to meet its obligations arising from borrowing of funds for inclusion in its ordinary capital resources, or guarantees chargeable to such resources. Thus, the callable capital of the Bank acts as protection for holders of bonds or guarantees issued by the Bank, in the unlikely event that the Bank is not able to meet its financial obligations. There has never been a call on the callable capital of the Bank.

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