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neration is maintained at the 2015 level.

Resolutions 10 & 11: Raising of Additional Debt Capital
To achieve its strategic growth objectives, the Bank always
strives to optimize its balance sheet and capital structure.
The Board is committed to enhancing the Bank’s fund-
ing and capital base through an efficient capital structure.
This need is underscored by the growing scale of regulato-
ry headwinds, economic realities and the Bank’s business
needs which have further put demands on capital.

To this end, Shareholders are being requested to authorise
the Directors to increase the size of the Bank’s existing Debt
Issuance Programme from USD 1,000,000,000.00 (One Bil-
lion United States Dollars) to USD 1,500,000,000.00 (One
Billion, Five Hundred Million United States Dollars) through
the issuance of debt securities that will include non-con-
vertible loans, notes, bonds, and or any other instruments
that are considered appropriate for the Bank to meet its
growth objectives and in such tranches as may be required.
Shareholders are therefore requested to authorise the
Board of Directors to take all such steps as may be required
to raise additional capital in the manner stated in the reso-
lution.

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Annual Report & Accounts 2017