Decision (EU) 2019/44 of the European Central Bank of 29 November 2018 on the paying-up of the European Central Bank's capital by the national central banks of Member States whose currency is the euro, amending Decision ECB/2014/61 and repealing Decision ECB/2013/30 (ECB/2018/28)
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Address https://gelex.eu/eli/EU/decision/2018/28@2018-11-29/en
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 ECB/2013/30 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 January 2014.
(2) Article 2 of Decision (EU) 2015/287 of the European Central Bank (ECB/2014/61), in conjunction with Decision ECB/2013/31, determined how and to what extent Lietuvos bankas should pay up the ECB's capital from 1 January 2015 in view of Lithuania's adoption of the euro.
(3) Decision (EU) 2019/43 of the European Central Bank (ECB/2018/27) 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 2019 the new weightings assigned to each NCB in the adjusted capital key (hereinafter the capital key weightings).
(4) The quinquennial adjustment of the ECB's capital key requires the adoption of a new ECB decision repealing Decision ECB/2013/30 with effect from 1 January 2019, 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 2019,
HAS ADOPTED THIS DECISION:
Article 1 Extent 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 2019. Taking into account the capital key weightings set out in Article 2 of Decision (EU) 2019/43 (ECB/2018/27), 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: Euro area NCB EUR Nationale Bank van België/Banque Nationale de Belgique 273656178,72 Deutsche Bundesbank 1988229048,48 Eesti Pank 21303613,91 Central Bank of Ireland 127237133,10 Bank of Greece 187186022,25 Banco de España 902708164,54 Banque de France 1537811329,32 Banca d'Italia 1277599809,38 Central Bank of Cyprus 16269985,63 Latvijas Banka 29563094,31 Lietuvos bankas 43938703,70 Banque centrale du Luxembourg 24572766,05 Central Bank of Malta 7923905,17 De Nederlandsche Bank 440328812,57 Oesterreichische Nationalbank 220018268,69 Banco de Portugal 177172890,71 Banka Slovenije 36382848,76 Národná banka Slovenska 86643356,59 Suomen Pankki 137564189,84
Article 2 Adjustment 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 2018 under Decision ECB/2013/30, 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) 2019/45 of the European Central Bank (ECB/2018/29).
Article 3 Amendment
Article 2 of Decision (EU) 2015/287 (ECB/2014/61) is deleted.
Article 4 Repeal
1. Decision ECB/2013/30 is repealed with effect from 1 January 2019.
2. References to Decision ECB/2013/30 shall be construed as references to this Decision.
Article 5 Entry into force
This Decision shall enter into force on 1 January 2019.
Done at Frankfurt am Main, 29 November 2018. The President of the ECB Mario Draghi