European Investment Bank — Decision of the Board of Governors of 30 March 2009 on the increase in the capital of the European Investment Bank
Date: 2009-03-30
Institutions: Board of Governors of the European Investment Bank
Subjects: EU Member State, European Investment Bank, Member States' contribution, capital increase








L_2010010EN.01001901.xml










15.1.2010   


EN


Official Journal of the European Union


L 10/19








            EUROPEAN INVESTMENT BANK
         

            DECISION OF THE BOARD OF GOVERNORS
         
of 30 March 2009
         
on the increase in the capital of the European Investment Bank


THE BOARD OF GOVERNORS OF THE EUROPEAN INVESTMENT BANK,
HAVING REGARD to Articles 4(3) and 5(2) of the Statute,
WHEREAS the task of the Bank is set out in Article 267 of the Treaty establishing the European Community,
WHEREAS according to Article 4(1), second subparagraph, of the Bank’s Statute the unit of account shall be defined as being the euro,
WHEREAS the recent development of the Bank’s activity and the likely evolution of lending, in particular with a view to respond to the European and Ecofin Councils’ invitations, requires an increasing EIB support for a range of activities, particularly against the current outlook of the economic situation in the EU over the coming years,
WHEREAS according to the deliberations of the Board of Directors on the Bank’s requirements for capital at its meeting on 16 December 2008, the subscribed capital of the Bank should be increased to EUR 232 392 989 000; the portion to be paid in should be 5 percent, funded entirely by the Bank from its Additional Reserves, and the Reserve Fund should progressively be rebuilt up to its statutory requirement of 10 percent of subscribed capital,
UNANIMOUSLY DECIDED on 30 March 2009, using the written procedure provided for in Article 5 of the Bank’s Rules of Procedure, on a proposal from the Board of Directors, in accordance with Article 4(3) of the EIB’s Statute that:


1.   

Additional Reserves of the Bank in the amount of EUR 5 379 241 000 shall be considered as free reserves;



2.   

Of the free reserves, EUR 2 000 000 000 shall be transferred to a dedicated reserve to support SFF and similar undertakings;



3.   
With effect from 1 April 2009, the capital of the Bank shall be increased as follows:






3.1.


The capital subscribed by the Member States shall be raised pro rata, from EUR 164 808 169 000 to EUR 232 392 989 000, so as to arrive at the following amounts (EUR):






Germany


37 578 019 000 




France


37 578 019 000 




Italy


37 578 019 000 




United Kingdom


37 578 019 000 




Spain


22 546 811 500 




Belgium


10 416 365 500 




Netherlands


10 416 365 500 




Sweden


6 910 226 000 




Denmark


5 274 105 000 




Austria


5 170 732 500 




Poland


4 810 160 500 




Finland


2 970 783 000 




Greece


2 825 416 500 




Portugal


1 820 820 000 




Czech Republic


1 774 990 500 




Hungary


1 679 222 000 




Ireland


1 318 525 000 




Romania


1 217 626 000 




Slovakia


604 206 500 




Slovenia


560 951 500 




Bulgaria


410 217 500 




Lithuania


351 981 000 




Luxembourg


263 707 000 




Cyprus


258 583 500 




Latvia


214 805 000 




Estonia


165 882 000 




Malta


98 429 500 














3.2.


Of the free reserves, EUR 3 379 241 000 shall be transformed into paid-in capital by the way of transfer from the Bank’s Additional Reserves to its capital;










3.3.


This capital shall be deemed to be part of the subscribed and paid-in capital, so increasing the Bank’s paid-in capital from EUR 8 240 408 450 to EUR 11 619 649 450;





CONSEQUENTLY








3.4.


The Bank’s Statute shall be amended. As from 1 April 2009, the first subparagraph of Article 4(1) of the Bank’s Statute shall read as follows:

                     ‘The capital of the Bank shall be EUR 232 392 989 000, subscribed by the Member States as follows






Germany


37 578 019 000 




France


37 578 019 000 




Italy


37 578 019 000 




United Kingdom


37 578 019 000 




Spain


22 546 811 500 




Belgium


10 416 365 500 




Netherlands


10 416 365 500 




Sweden


6 910 226 000 




Denmark


5 274 105 000 




Austria


5 170 732 500 




Poland


4 810 160 500 




Finland


2 970 783 000 




Greece


2 825 416 500 




Portugal


1 820 820 000 




Czech Republic


1 774 990 500 




Hungary


1 679 222 000 




Ireland


1 318 525 000 




Romania


1 217 626 000 




Slovakia


604 206 500 




Slovenia


560 951 500 




Bulgaria


410 217 500 




Lithuania


351 981 000 




Luxembourg


263 707 000 




Cyprus


258 583 500 




Latvia


214 805 000 




Estonia


165 882 000 




Malta


98 429 500 ’
















4.


This decision shall be published in the Official Journal of the European Union.








For the Board of Governors


The Chairman

C. STAVRAKIS
            

The Secretary

A. QUEREJETA