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ADB Governors Approve $1.42 Billion in 2023 Allocable Net Income

TBILISI  The Board of Governors of the Asian Development Bank (ADB) today approved the bank’s 2023 financial statements and a $1.42 billion net income allocation from its ordinary capital resources, the highest in ADB’s history. The 2023 allocable net income will be allocated as follows: $1.005 billion to ADB’s ordinary reserve to support the…

ADB sees highest net income allocation from ordinary capital resources in 2023

TBILISI, Georgia The Asian Development Bank (ADB) recorded its highest net income allocation in history from its ordinary capital resources (OCR) last year. Addressing the ADB Board of Governors at the Business Session on Sunday, ADB President Masatsugu Asakawa said the 2023 financial statements of the Manila-based multilateral bank’s net income…

New Age | ADB sets record with $1.42b net income allocation from ordinary capital resources in 2023

ADB Governors approve USD 1.42 billion in 2023 allocable net income

ADB to allocate historic amount of US$1.42 billion in 2023 net income

The Board of Governors of the Asian Development Bank (ADB) approved an allocation of US$1.42 billion in net income from its ordinary capital resources