Allocation of Net Income. 1. The Board of Governors shall determine annually what part of the net income of the Bank, including the net income accruing to Special Funds, shall be allocated, after making provision for reserves, to surplus and what part, if any, shall be distributed to the members. 2. The distribution referred to in the preceding paragraph shall be made in proportion to the number of shares held by each member. 3. Payments shall be made in such manner and in such currency as the Board of Governors shall determine.
Appears in 6 contracts
Samples: Asian Development Bank Agreement, Asian Development Bank Act 1966, Agreement Establishing the Asian Development Bank
