Address https://gelex.eu/eli/EU/decision/2023/2819@2023-12-07/en

Contents

1. Preamble
2. 1. Article 1 Extent and form of subscribed and paid-up capital
   2. Article 2 Adjustment of paid-up capital
   3. Article 3 Repeal
   4. Article 4 Entry into force

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) 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) 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 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 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 324804337,12 Deutsche Bundesbank 2357134464,40 Eesti Pank 26380542,23 Central Bank of Ireland 192804200,92 Bank of Greece 199981180,60 Banco de España 1046669933,56 Banque de France 1770700531,41 Hrvatska narodna banka 68511469,74 Banca d’Italia 1418000151,07 Central Bank of Cyprus 19506662,74 Latvijas Banka 34304447,40 Lietuvos bankas 52241484,12 Banque centrale du Luxembourg 32215221,04 Central Bank of Malta 11398732,44 De Nederlandsche Bank 522912791,50 Oesterreichische Nationalbank 261694545,91 Banco de Portugal 205826684,42 Banka Slovenije 43743853,57 Národná banka Slovenska 101787541,48 Suomen Pankki 160783830,00

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 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).

Article 3 Repeal

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.

Article 4 Entry into force

This Decision shall enter into force on 1 January 2024.

Done at Frankfurt am Main, 7 December 2023. The President of the ECB Christine Lagarde

Versions

1. 2023-12-07

Cited by

• Decision (EU) 2023/2817 of the European Central Bank of 7 December 2023 laying down the terms and conditions for transfers of the European Central Bank’s capital shares between the national central banks and for the adjustment of the paid-up capital and repealing Decision (EU) 2020/139 (ECB/2020/5) (ECB/2023/33) Decision · Grade B

  Decision (EU) 2023/2819 of the European Central Bank (ECB/2023/32) determines how and to what extent the NCBs of the Member States whose currency is the euro (hereinafter euro area NCBs) are under an obligation to pay up the ECB’s capital in view of the adjusted capital key. Decision (EU) 2023/2816 of the European Central Bank (ECB/2023/36) determines the percentage that the NCBs of the Member States whose currency is not the euro (hereinafter non-euro area NCBs) are under an obligation to pay up with effect from 1 January 2024 in view of the adjusted capital key.