Cap. 204 Art. 19Capital and Reserves.

(1) The Bank shall have an authorised capital of twenty million euro which shall be fully paid and shall be held exclusively by the Government.

(2) The Bank shall maintain a General Reserve Fund which shall be of not less than twenty million euro and which shall be available for any purpose as may be determined by the Board.

Whenever the amounts have been drawn from the General Reserve Fund, these shall be replaced, as may be decided by the Board, from the profits of the Bank arising in subsequent years.