Every bank shall, before declaring distribution of any profits, transfer a sum equal to not less than 25 percent of its net profits, to the statutory reserve, until the amount of that reserve equals as a minimum of the paid-up capital.

No bank shall pay dividends or remit any part of its profits abroad, until its capital expenditures including aggregate foundation expenditures and losses incurred have been completely written off.

Any action taken to declare or pay dividends in contravention to the provisions of this Article shall be considered null and void.