Conventional Banks and Islamic Banks shall pay the contributions referred to in Article 15 above within the periods specified by the Board. Each Conventional Bank or Islamic Bank shall be notified of the amount of its calculated contribution as well as the date of payment thereof.

In the event of failure of any Conventional Bank or Islamic Bank in the payment of the full contribution during the periods specified by the Board, the CBB may take disciplinary action against that Bank, including the imposition of administrative fines in accordance with Article 129 of the Law and, in cases of repeated violation, withdrawal of the licence granted by the CBB.