MOSCOW (Sputnik) — Under the agreement, the registered capital of the bank amounts to $100 billion, divided into one million shares, only open for subscription to members of the bank.
The initial subscribed share capital for Kazakhstan amounts to $729.3 million, according to the Novosti-Kazakhstan news agency.
The AIIB is an international financial institution created by the Chinese government to stimulate growth and attract investment in infrastructure projects in the Asia-Pacific region.
The bank's charter officially entered into force on December 25, 2015. The AIIB is set to rival the World Bank and Asian Development Bank in the region.
