NADBank is capitalized by the governments of the United States and Mexico.
NADBank has US$6 billion in total capital subscribed equally by the United States and Mexico, of which US$5.1 billion is callable capital and US$506 million is paid-in capital.
NADBank Capital (Million USD)
|
|
|
Total subscribed capital1 |
$6,000 |
|
of which |
|
|
Callable capital2 |
5,100 |
|
Qualified |
2,063 |
|
Unqualified |
3,037 |
|
Paid-in capital |
506 |
1 Callable capital is composed of funds that are pledged to be provided to NADBank from the two countries only if required to meet the bank's guarantee obligations or obligations on borrowings of funds for inclusion in its capital resources as specified in the Charter. Paid-in capital consists of cash funds contributed to NADBank by the two governments.
2 Qualified capital shares are subject to the necessary legal requirements of each subscribing country. Unqualified capital shares have either been funded or authorized for purchase by the subscribing country.
In 1994, Mexico and the United States subscribed to the Bank’s capital of 300,000 shares ($3 billion) with equal commitments from each country. All shares from the initial subscription were unqualified as of May 2009.
In 2015, the member countries agreed to a General Capital Increase (GCI) of 300,000 shares ($3 billion), also with equal commitments from each government, bringing the Bank’s subscribed capital to $6 billion. Mexico submitted its letter of subscription on May 6, 2016, and the United States submitted its letter of subscription on September 1, 2016.