Romania to pay USD 6.12 mln in first contribution to Asian Infrastructure Investment Bank

Ovidiu Posirca 19/04/2018 | 09:46

The Ministry of Finance plans to pay USD 6.12 million as part of Romania’s membership deal with the Asian Infrastructure Investment Bank, according to a draft bill.

The memorandum approved in February 2017 states that Romania agreed to subscribe 1,530 shares that represent a capital of USD 153 million, out of which USD 30.6 million is share capital, payable in five annual installments. By the end of this year, Romania has to make the first payment.

The authorized capital of the bank stands at USD 100 billion, out of which the subscribed capital of China amounts to USD 29.78 billion.

The investment bank is designed to have 80 members, out of which 57 states are founding members.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine June II 2024 Issue

The June II 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Mihaela Bitu, ING Bank Romania: Banking makes dreams come true”. To
Ovidiu Posirca | 28/06/2024 | 12:25
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue