PRESS RELEASE

Adjustments to the ECB’s capital subscription key and the contribution paid by Slovakia

1 January 2009

The European Central Bank (ECB) today announces adjustments to its capital key and the contributions paid by the national central banks (NCBs).

Pursuant to Article 29 of the Protocol on the Statute of the European System of Central Banks and of the European Central Bank, the shares of the NCBs in the ECB’s capital key are weighted according to the shares of the respective Member States in the total population and the gross domestic product of the European Union (EU), in equal measure, as notified to the ECB by the European Commission. The weightings are adjusted every five years or whenever a country joins the EU. Accordingly, on 1 January 2009 the ECB’s capital key is being adjusted on account of the five-yearly update, on the basis of data provided by the European Commission. In such event, NCBs transfer among themselves capital shares to the extent necessary to ensure that the distribution of the shares corresponds to the adjusted key. The new distribution of the NCBs’ shares in the ECB’s capital key is set out in the table attached to this press release. The total amount of the subscribed capital of the ECB remains unchanged at EUR 5,760,652,402.58.

Furthermore, today, 1 January 2009, Slovakia has adopted the euro and Národná banka Slovenska has joined the Eurosystem. In accordance with Article 49 of the Statute, whereby the Eurosystem NCBs are required to pay up their subscribed capital in full, Národná banka Slovenska has paid up the remainder of its contribution to the capital of the ECB. In the case of the 11 non-euro area NCBs, the requirement is to pay up a minimal percentage of their subscribed capital, currently 7%, as a contribution to the operational costs of the ECB.

The relevant ECB Decisions are available on the ECB’s website and will be published in the Official Journal of the European Union in due course.

Key for subscription of the ECB's capital

Key for subscription to the ECB’s capital (%) Subscribed share of capital (EUR) Paid-up capital (EUR)
Until 31 December 2008 from 1 January 2009 From 1 January 2009 From 1 January 2009
Nationale Bank van België/
Banque Nationale de Belgique
2.4708 2.4256 139,730,384.68 139,730,384.68
Deutsche Bundesbank 20.5211 18.9373 1,090,912,027.43 1,090,912,027.43
Central Bank and Financial Services Authority of Ireland 0.8885 1.1107 63,983,566.24 63,983,566.24
Bank of Greece 1.8168 1.9649 113,191,059.06 113,191,059.06
Banco de España 7.5498 8.3040 478,364,575.51 478,364,575.51
Banque de France 14.3875 14.2212 819,233,899.48 819,233,899.48
Banca d’Italia 12.5297 12.4966 719,885,688.14 719,885,688.14
Central Bank of Cyprus 0.1249 0.1369 7,886,333.14 7,886,333.14
Banque centrale du Luxembourg 0.1575 0.1747 10,063,859.75 10,063,859.75
Central Bank of Malta 0.0622 0.0632 3,640,732.32 3,640,732.32
De Nederlandsche Bank 3.8937 3.9882 229,746,339.12 229,746,339.12
Oesterreichische Nationalbank 2.0159 1.9417 111,854,587.70 111,854,587.70
Banco de Portugal 1.7137 1.7504 100,834,459.65 100,834,459.65
Banka Slovenije 0.3194 0.3288 18,941,025.10 18,941,025.10
Národná banka Slovenska - 0.6934 39,944,363.76 39,944,363.76
Suomen Pankki – Finlands Bank 1.2448 1.2539 72,232,820.48 72,232,820.48
Subtotal for the group of euro area NCBs 69.6963 69.7915 4,020,445,721.56 4,020,445,721.56
Българска народна банка (Bulgarian National Bank) 0.8833 0.8686 50,037,026.77 3,502,591.87
Česká národní banka 1.3880 1.4472 83,368,161.57 5,835,771.31
Danmarks Nationalbank 1.5138 1.4835 85,459,278.39 5,982,149.49
Eesti Pank 0.1703 0.1790 10,311,567.80 721,809.75
Latvijas Banka 0.2813 0.2837 16,342,970.87 1,144,007.96
Lietuvos bankas 0.4178 0.4256 24,517,336.63 1,716,213.56
Magyar Nemzeti Bank 1.3141 1.3856 79,819,599.69 5,587,371.98
Narodowy Bank Polski 4.8748 4.8954 282,006,977.72 19,740,488.44
Banca Naţională a României 2.5188 2.4645 141,971,278.46 9,937,989.49
Národná banka Slovenska 0.6765 - - -
Sveriges Riksbank 2.3313 2.2582 130,087,052.56 9,106,093.68
Bank of England 13.9337 14.5172 836,285,430.59 58,539,980.14
Subtotal for the group of non-euro area NCBs 30.3037 30.2085 1,740,206,681.02 121,814,467.67
Total* 100.0000 100.0000 5,760,652,402.58 4,142,260,189.23

*Due to rounding, totals may not correspond to the sum of all figures shown.

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