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THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,Having regard to the Treaty on the Functioning of the European Union,Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 28.3 thereof,Whereas:
(1)Decision (EU) 2020/138 of the European Central Bank (ECB/2020/4)note determined how and to what extent national central banks (NCBs) of Member States whose currency is the euro (hereinafter ‘euro area NCBs’) were under an obligation to pay up the capital of the European Central Bank (ECB) from 1 February 2020.
(2)Decision (EU) 2023/2811 of the European Central Bank (ECB/2023/31)note provides for the adjustment of the key for subscription to the ECB’s capital (hereinafter the ‘capital key’) in accordance with Article 29.3 of the Statute of the European System of Central Banks and of the European Central Bank and establishes with effect from 1 January 2024 the new weightings assigned to each NCB in the adjusted capital key (hereinafter the ‘capital key weightings’).
(3)The quinquennial adjustment of the ECB’s capital key requires the adoption of a new ECB decision repealing Decision (EU) 2020/138 (ECB/2020/4) with effect from 1 January 2024, and determining how and to what extent the euro area NCBs are under an obligation to pay up the ECB’s capital with effect from 1 January 2024,
HAS ADOPTED THIS DECISION:
Article 1Extent and form of subscribed and paid-up capital#
Each euro area NCB shall pay up its subscription to the ECB’s capital in full with effect from 1 January 2024.Taking into account the capital key weightings set out in Article 2 of Decision (EU) 2023/2811 (ECB/2023/31), each euro area NCB shall have a total subscribed and paid-up capital of the amount shown next to its name in the following table:(EUR)Euro area NCB |Nationale Bank van België/Banque Nationale de Belgique | 324804337,12Deutsche Bundesbank | 2357134464,40Eesti Pank | 26380542,23Central Bank of Ireland | 192804200,92Bank of Greece | 199981180,60Banco de España | 1046669933,56Banque de France | 1770700531,41Hrvatska narodna banka | 68511469,74Banca d’Italia | 1418000151,07Central Bank of Cyprus | 19506662,74Latvijas Banka | 34304447,40Lietuvos bankas | 52241484,12Banque centrale du Luxembourg | 32215221,04Central Bank of Malta | 11398732,44De Nederlandsche Bank | 522912791,50Oesterreichische Nationalbank | 261694545,91Banco de Portugal | 205826684,42Banka Slovenije | 43743853,57Národná banka Slovenska | 101787541,48Suomen Pankki | 160783830,00
Article 2Adjustment of paid-up capital#
1.Given that each euro area NCB has already paid up its full share in the ECB’s subscribed capital as applicable until 31 December 2023 under Decision (EU) 2020/138 (ECB/2020/4), each of them shall either transfer an additional amount to the ECB or receive an amount back from the ECB, as appropriate, in order to arrive at the amounts shown in the table in Article 1.
2.All transfers pursuant to this Article shall be made in accordance with Decision (EU) 2023/2817 of the European Central Bank (ECB/2023/33)note.
Article 3Repeal#
1.Decision (EU) 2020/138 (ECB/2020/4) is repealed with effect from 1 January 2024.
2.References to Decision (EU) 2020/138 (ECB/2020/4) shall be construed as references to this Decision.
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.