Section 14: General reserve fund.

(1) The Bank shall establish and maintain a general reserve fund into which shall be paid the following percentage of the net profits of the Bank-
(a) 50 per cent of the net profits of the Bank for the year, if at the end of the year the fund is less than the authorised capital of the Bank; and
(b)
25 per cent of the net profits of the Bank for the year, if at the end of the year the fund is equal to or exceeds the authorised share capital of the Bank,
and any sum not paid into the general reserve fund shall be paid to the shareholders of the Bank as dividends.
(2) The general reserve fund shall be used for meeting contingencies, depreciation of assets, the liquidation of any debt or liability of the Bank and for such purposes as the Board may consider necessary for the proper functioning of the Bank under this Act.