CELEX: 11957E/PRO/BEI/25
Language: en
Date: 1957-03-25 00:00:00
Title: TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 25

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11957E/PRO/BEI/25

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 25  

++++Article 25  1 . The Bank shall at all times be entitled to transfer its assets in the currency of one Member State into the currency of another Member State in order to carry out financial operations corresponding to the task set out in Article 130 of this Treaty , taking into account the provisions of Article 23 of this Statute . The Bank shall , as far as possible , avoid making such transfers if it has cash or liquid assets in the currency required .  2 . The Bank may not convert its assets in the currency of a Member State into the currency of a third country without the agreement of the Member State concerned .  3 . The Bank may freely dispose of that part of its capital which is paid up in gold or convertible currency and of any currency borrowed on markets outside the Community .  4 . The Member States undertake to make available to the debtors of the Bank the currency needed to repay the capital and pay the interest on loans or commission on guarantees granted by the Bank for projects to be carried out in their territory .