On Jun. 2, AUT GVT amended the law on statutory capital limits.
AUT GVT amended art 12(1) of the agreement establishing the European bank for reconstruction and development to remove statutory capital limit for business activity.
Amendments
Art. 12(1) to read Management committee shall set and maintain appropriate limits on capital adequacy ratios to protect financial soundness and sustainability of the bank.
Members shall be asked to confirm acceptance of amendment by submitting a signed instrument of acceptance in accordance with their law, and providing satisfactory evidence to the Bank that acceptance and submission comply with legal requirements.
Effectiveness
Amendment will enter into force for all members on Jun. 26, 2025.
