2007/42/EC: Decision of the European Central Bank of 15 December 2006 on the national central banks' percentage shares in the key for subscription to the European Central Bank's capital ( ECB/2006/21 )
Date: 2006-12-15
Institutions: European Central Bank
Subjects: European Central Bank, European System of Central Banks, Member States' contribution, banking policy, central bank

31.1.2007

EN

Official Journal of the European Union

L 24/1

II

(Acts adopted under the EC Treaty/Euratom Treaty whose publication is not obligatory)

DECISIONS

EUROPEAN CENTRAL BANK

DECISION OF THE EUROPEAN CENTRAL BANK

of 15 December 2006

on the national central banks' percentage shares in the key for subscription to the European Central
Bank's capital

(ECB/2006/21)

(2007/42/EC)

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, and in particular
Article 29.4 and Article 49.3 thereof,

Having regard to the contribution of the General Council of the
European Central Bank (ECB) in accordance with the fourth
indent of Article 47.2 of the Statute,

Whereas:

(1) Decision ECB/2004/5 of 22 April 2004 on the national
central banks' percentage shares in the key for subscription
to the European Central Bank's capital (1) laid down with
effect from 1 May 2004 the weightings assigned to those
national central banks (NCBs) that were members of the
European System of Central Banks (ESCB) on 1 May 2004
in the key for subscription to the ECB's capital (hereinafter
the ‘capital key weightings’ and the ‘capital key’ respec-
tively).

(2)

In view of the accession of Bulgaria and Romania to the
European Union and their respective NCBs joining the
ESCB on 1 January 2007, the ECB's subscribed capital
should automatically be increased pursuant to Article 49.3
of the Statute. This increase requires the calculation of the
capital key weighting of each NCB that will be a member of
the ESCB on 1 January 2007 by analogy with Article 29.1
and in compliance with Article 29.2 of the Statute. The

ECB's expanded capital key and each NCB's capital key
weighting will apply with effect from 1 January 2007.
Decision ECB/2004/5 should therefore be repealed and
replaced by a new decision which reflects the updated
position.

In accordance with Council Decision 2003/517/EC of 15
July 2003 on the statistical data to be used for the
adjustment of the key for subscription to the capital of the
European Central Bank (2), the European Commission has
provided the ECB with the statistical data to be used in
determining the expanded capital key.

In view of Articles 3.5 and 6.6 of the Rules of Procedure of
the General Council of the European Central Bank, and in
view of the General Council's contribution to this Decision,
the Governors of the Bulgarian National Bank and Banca
Naţională a României have had the opportunity to submit
observations regarding this Decision prior to its adoption,

(3)

(4)

HAS DECIDED AS FOLLOWS:

Article 1

Rounding

Where the European Commission provides revised statistical data
to be used in expanding the capital key and the figures do not
total 100 %, the difference shall be compensated for: (i) if the
total is below 100 %, by adding 0,0001 of a percentage point to

(1) OJ L 205, 9.6.2004, p. 5.

(2) OJ L 181, 19.7.2003, p. 43.

L 24/2

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Official Journal of the European Union

31.1.2007

the smallest share(s) in ascending order until exactly 100 % is
reached; or (ii) if the total is above 100 %, by subtracting 0,0001
of a percentage point in descending order from the largest share
(s) until exactly 100 % is reached.

Article 2

Capital key weightings

The weighting assigned to each NCB in the capital key described
in Article 29 of the Statute shall be as follows with effect from 1
January 2007:

— Nationale Bank van België/Banque Nationale

2,4708 %

de Belgique

— Bulgarian National Bank
— Česká národní banka
— Danmarks Nationalbank
— Deutsche Bundesbank
— Eesti Pank
— Bank of Greece
— Banco de España
— Banque de France
— Central Bank and Financial Services Author-

ity of Ireland
— Banca d'Italia
— Central Bank of Cyprus
— Latvijas Banka
— Lietuvos bankas
— Banque centrale du Luxembourg
— Magyar Nemzeti Bank

0,8833 %
1,3880 %
1,5138 %
20,5211 %
0,1703 %
1,8168 %
7,5498 %
14,3875 %
0,8885 %

12,5297 %
0,1249 %
0,2813 %
0,4178 %
0,1575 %
1,3141 %

— Central Bank of Malta
— De Nederlandsche Bank
— Oesterreichische Nationalbank
— Narodowy Bank Polski
— Banco de Portugal
— Banca Naţională a României
— Banka Slovenije
— Národná banka Slovenska
— Suomen Pankki
— Sveriges Riksbank
— Bank of England

0,0622 %
3,8937 %
2,0159 %
4,8748 %
1,7137 %
2,5188 %
0,3194 %
0,6765 %
1,2448 %
2,3313 %
13,9337 %

Article 3

Final provisions

1. This Decision shall enter into force on 1 January 2007.

2. Decision ECB/2004/5 is hereby repealed with effect from 1
January 2007.

3. References to Decision ECB/2004/5 shall be construed as
being made to this Decision.

Done at Frankfurt am Main, 15 December 2006.

The President of the ECB

Jean-Claude TRICHET