Decision of the European Central Bank of 13 December 2010 on the paying-up of the increase of the European Central Bank’s capital by the national central banks of Member States whose currency is the euro (ECB/2010/27) (2011/21/EU)
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Address https://gelex.eu/eli/EU/decision/2010/27-01@2010-12-13/en
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the Statute of the ESCB), and in particular Article 28.3 thereof,
Whereas:
(1) Decision ECB/2008/24 of 12 December 2008 laying down the measures necessary for the paying-up of the European Central Bank’s capital by the participating national central banks determined how and to what extent the national central banks (NCBs) of the Member States whose currency is the euro were under an obligation to pay up the capital of the European Central Bank (ECB) on 1 January 2009.
(2) Pursuant to Article 1 of Decision ECB/2010/26 of 13 December 2010 on the increase of the European Central Bank’s capital the ECB’s capital has been increased by EUR 5000 million from EUR 5760652402,58 to EUR 10760652402,58 with effect from 29 December 2010.
(3) Decision ECB/2008/23 of 12 December 2008 on the national central banks’ percentage shares in the key for subscription to the European Central Bank’s capital lays down the key for subscription to the ECB’s capital in accordance with Article 29.3 of the Statute of the ESCB and establishes with effect from 1 January 2009 the weightings assigned to each NCB in the capital key (hereinafter the capital key weightings).
(4) Pursuant to Article 28.3 of the Statute of the ESCB the Governing Council, acting by the qualified majority provided for in Article 10.3 of the Statute of the ESCB, has the competence to determine the extent to which and the form in which the capital is to be paid up.
(5) Pursuant to Article 1 of Council Decision 2010/416/EU of 13 July 2010 in accordance with Article 140(2) of the Treaty on the adoption by Estonia of the euro on 1 January 2011, Estonia fulfils the necessary conditions for adoption of the euro and the derogation granted to it pursuant to Article 4 of the 2003 Act of Accession will be abrogated with effect from 1 January 2011.
(6) In accordance with Decision ECB/2010/34 of 31 December 2010 on the paying-up of capital, transfer of foreign reserve assets and contributions by Eesti Pank to the European Central Bank’s reserves and provisions Eesti Pank is under an obligation to pay up the remaining share of its subscription to the ECB’s capital with effect from 1 January 2011, taking into account the increase of the ECB’s capital with effect from 29 December 2010 and the form in which the capital is to be paid up,
HAS ADOPTED THIS DECISION:
Article 1 Extent and form of subscribed and paid-up capital
1. Taking into account the capital key weightings set out in Article 2 of Decision ECB/2008/23 and the increase of the ECB’s capital in accordance with Article 1 of Decision ECB/2010/26, each NCB shall have a total subscribed capital of the amount shown next to its name in the following table: NCB EUR Nationale Bank van België/Banque Nationale de Belgique 261010384,68 Deutsche Bundesbank 2037777027,43 Central Bank of Ireland 119518566,24 Bank of Greece 211436059,06 Banco de España 893564575,51 Banque de France 1530293899,48 Banca d’Italia 1344715688,14 Central Bank of Cyprus 14731333,14 Banque centrale du Luxembourg 18798859,75 Central Bank of Malta 6800732,32 De Nederlandsche Bank 429156339,12 Oesterreichische Nationalbank 208939587,70 Banco de Portugal 188354459,65 Banka Slovenije 35381025,10 Národná banka Slovenska 74614363,76 Suomen Pankki 134927820,48
2. Each NCB shall pay up the additional amount shown next to its name in the following table: NCB EUR Nationale Bank van België/Banque Nationale de Belgique 121280000 Deutsche Bundesbank 946865000 Central Bank of Ireland 55535000 Bank of Greece 98245000 Banco de España 415200000 Banque de France 711060000 Banca d’Italia 624830000 Central Bank of Cyprus 6845000 Banque centrale du Luxembourg 8735000 Central Bank of Malta 3160000 De Nederlandsche Bank 199410000 Oesterreichische Nationalbank 97085000 Banco de Portugal 87520000 Banka Slovenije 16440000 Národná banka Slovenska 34670000 Suomen Pankki 62695000
3. NCBs shall pay to the ECB the amounts specified in paragraph 2 by means of a separate transfer via the Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2).
4. Each NCB shall pay up its increased capital share in three equal annual instalments. The first instalment shall be paid on 29 December 2010, and the following instalments shall be paid 2 business days before the last TARGET2 operating day of the following 2 years.
Article 2 Entry into force
This Decision shall enter into force on 29 December 2010.
Done at Frankfurt am Main, 13 December 2010. The President of the ECB Jean-Claude Trichet