2007/47/EC: Decision of the European Central Bank of 18 December 2006 laying down the measures necessary for the paying-up of the European Central Bank's capital by the non-participating national central banks ( ECB/2006/26 )
Date: 2006-12-15
Institutions: European Central Bank
Subjects: European Central Bank, European System of Central Banks, Member States' contribution, banking, banking policy, central bank, non-participating country (euro area)

31.1.2007

EN

Official Journal of the European Union

L 24/15

DECISION OF THE EUROPEAN CENTRAL BANK

of 18 December 2006

laying down the measures necessary for the paying-up of the European Central Bank's capital by the
non-participating national central banks

(ECB/2006/26)

(2007/47/EC)

THE GENERAL COUNCIL OF THE EUROPEAN CENTRAL BANK,

(5)

Having regard to the Statute of the European System of Central
Banks and of the European Central Bank, and in particular
Article 48 thereof,

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

Whereas:

HAS DECIDED AS FOLLOWS:

(1) Decision ECB/2004/10 of 23 April 2004 laying down the
measures necessary for the paying-up of the European
Central Bank's capital by the non-participating national
central banks (1), determined the percentage of
the
subscription to the European Central Bank's (ECB's) capital
which the national central banks (NCBs) of the Member
States that would not have adopted the euro on 1 May
2004 were under an obligation to pay up on 1 May 2004
as a contribution to the ECB's operational costs.

(2)

(3)

(4)

In view of the accession of Bulgaria and Romania to the
European Union and their respective NCBs joining the
European System of Central Banks (ESCB) on 1 January
2007, Decision ECB/2006/21 of 15 December 2006 on the
national central banks’ percentage shares in the key for
subscription to the European Central Bank's capital (2)
establishes with effect
from 1 January 2007 the new
weightings assigned to each NCB that will be a member of
the ESCB on 1 January 2007 in the key for subscription to
(hereinafter the capital key
the ECB's expanded capital
weightings and the capital key respectively).

ECB's

The
5 760 652 402,58 with effect from 1 January 2007.

subscribed

capital

will

be

EUR

The expanded capital key requires the adoption of a new
ECB decision repealing Decision ECB/2004/10 with effect
from 1 January 2007 and determining the percentage of
the ECB's subscribed capital which the NCBs of the Member
States that will not have adopted the euro by 1 January
2007 (hereinafter the non-participating NCBs) are under an
obligation to pay up with effect from 1 January 2007.

(1) OJ L 205, 9.6.2004, p. 19.
(2) See page 1 of this Official Journal.

Article 1

Extent and form of paid-up capital

Each non-participating NCB shall pay up 7 % of its subscription
to the ECB's capital with effect from 1 January 2007. Taking into
account the capital key weightings described in Article 2 of
Decision ECB/2006/21, each non-participating NCB shall pay up
with effect from 1 January 2007 the amount shown next to its
name in the following table:

Non-participating NCB

Bulgarian National Bank

Česká národní banka

Danmarks Nationalbank

Eesti Pank

Central Bank of Cyprus

Latvijas Banka

Lietuvos bankas

Magyar Nemzeti Bank

Central Bank of Malta

Narodowy Bank Polski

Banca Naţională a României

Národná banka Slovenska

Sveriges Riksbank

Bank of England

(EUR)

3 561 868,99

5 597 049,87

6 104 332,92

686 727,37

503 653,84

1 134 330,06

1 684 760,40

5 299 051,33

250 818,81

19 657 419,83

10 156 951,89

2 727 956,95

9 400 866,26

56 187 041,67

L 24/16

EN

Official Journal of the European Union

31.1.2007

Article 2

Adjustment of the paid-up capital

European Central Bank's capital shares between the national
central banks and for the adjustment of the paid-up capital (1).

1. Given that each non-participating NCB, with the exception
of the Bulgarian National Bank and Banca Naţională a României,
has already paid up 7 % of its share in the ECB's subscribed
capital as applicable until 31 December 2006 under Decision
ECB/2004/10, each of them, with the exception of the Bulgarian
National Bank and Banca Naţională a României, 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. The Bulgarian National Bank and Banca Naţională a
României shall transfer to the ECB the amount shown next to
their names in the table in Article 1.

3. All transfers pursuant to this Article shall be made in
accordance with Decision ECB/2006/23 of 15 December 2006
the
laying down the terms and conditions for transfers of

Article 3

Final provisions

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

2. Decision ECB/2004/10 is hereby repealed with effect from 1
January 2007.

3. References to Decision ECB/2004/10 shall be construed as
references to this Decision.

Done at Frankfurt am Main, 18 December 2006.

The President of the ECB

Jean-Claude TRICHET

(1) See page 5 of this Official Journal.