Crnogorski
English available languages
The Governing Council of the European Central Bank (ECB) adopted legal acts on the regular five-yearly adjustment to its capital key and the contributions paid by the national central banks (NCBs) of the European Union. The new key for subscription to the ECB’s capital will enter into force on 1 January 2019.
The shares of the NCBs in the ECB’s capital are weighted according to the share of the respective Member States in the total population and gross domestic product of the European Union (EU), in equal measure.
- Five-yearly adjustment based on population and GDP data from European Commission
- 16 national central banks to have higher share, 12 lower share
- No change in system of rotating voting rights
The weightings are based on data provided by the European Commission. NCBs will transfer capital shares among themselves to the extent necessary to ensure that the distribution of the shares corresponds to the adjusted key.
Following the latest review, 16 central banks will have a higher share in the ECB’s capital than before and 12 central banks will have a lower share. The new distribution of the NCBs’ shares is set out in the table below. The total amount of the subscribed capital of the ECB remains unchanged at €10,825,007,069.61. 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. The General Council of the ECB contributed to the decision-making process, in line with the Statute of the ESCB.
The system under which NCB Governors take turns in holding voting rights on the Governing Council provides that the Governors of the euro area NCBs are allocated to two groups according to the size of their Member States’ financial sector and gross domestic product, as referred to above. These data need to be recalculated whenever the five-yearly capital key adjustment takes place. On the basis of the new calculations, the allocation of Governors into groups as of 1 January 2019 remains unchanged.
Distribution of the ECB’s capital as of 1 January 2019
| – |
Key for subscription to the ECB’s capital (%) until 31 December 2018 | Key for subscription to the ECB’s capital (%) from 1 January 2019 | Subscribed share of capital (EUR)from 1 January 2019 | Paid-up capital (EUR) from 1 January 2019 |
| Nationale Bank van België/ Banque Nationale de Belgique | 2.4778 | 2.5280 | 273,656,178.72 | 273,656,178.72 |
| Deutsche Bundesbank | 17.9973 | 18.3670 | 1,988,229,048.48 | 1,988,229,048.48 |
| Eesti Pank | 0.1928 | 0.1968 | 21,303,613.91 | 21,303,613.91 |
| Central Bank of Ireland | 1.1607 | 1.1754 | 127,237,133.10 | 127,237,133.10 |
| Bank of Greece | 2.0332 | 1.7292 | 187,186,022.25 | 187,186,022.25 |
| Banco de España | 8.8409 | 8.3391 | 902,708,164.54 | 902,708,164.54 |
| Banque de France | 14.1792 | 14.2061 | 1,537,811,329.32 | 1,537,811,329.32 |
| Banca d’Italia | 12.3108 | 11.8023 | 1,277,599,809.38 | 1,277,599,809.38 |
| Central Bank of Cyprus | 0.1513 | 0.1503 | 16,269,985.63 | 16,269,985.63 |
| Latvijas Banka | 0.2821 | 0.2731 | 29,563,094.31 | 29,563,094.31 |
| Lietuvos bankas | 0.4132 | 0.4059 | 43,938,703.70 | 43,938,703.70 |
| Banque centrale du Luxembourg | 0.2030 | 0.2270 | 24,572,766.05 | 24,572,766.05 |
| Central Bank of Malta | 0.0648 | 0.0732 | 7,923,905.17 | 7,923,905.17 |
| De Nederlandsche Bank | 4.0035 | 4.0677 | 440,328,812.57 | 440,328,812.57 |
| Oesterreichische Nationalbank | 1.9631 | 2.0325 | 220,018,268.69 | 220,018,268.69 |
| Banco de Portugal | 1.7434 | 1.6367 | 177,172,890.71 | 177,172,890.71 |
| Banka Slovenije | 0.3455 | 0.3361 | 36,382,848.76 | 36,382,848.76 |
| Národná banka Slovenska | 0.7725 | 0.8004 | 86,643,356.59 | 86,643,356.59 |
| Suomen Pankki – Finlands Bank | 1.2564 | 1.2708 | 137,564,189.84 | 137,564,189.84 |
| Subtotal for the group of euro area NCBs | 70.3915 | 69.6176 | 7,536,110,121.69 | 7,536,110,121.69 |
| Българска народна банка (Bulgarian National Bank) | 0.8590 | 0.8511 | 92,131,635.17 | 3,454,936.32 |
| Česká národní banka | 1.6075 | 1.6172 | 175,062,014.33 | 6,564,825.54 |
| Danmarks Nationalbank | 1.4873 | 1.4986 | 162,223,555.95 | 6,083,383.35 |
| Hrvatska narodna banka | 0.6023 | 0.5673 | 61,410,265.11 | 2,302,884.94 |
| Magyar Nemzeti Bank | 1.3798 | 1.3348 | 144,492,194.37 | 5,418,457.29 |
| Narodowy Bank Polski | 5.1230 | 5.2068 | 563,636,468.10 | 21,136,367.55 |
| Banca Naţională a României | 2.6024 | 2.4470 | 264,887,922.99 | 9,933,297.11 |
| Sveriges Riksbank | 2.2729 | 2.5222 | 273,028,328.31 | 10,238,562.31 |
| Bank of England | 13.6743 | 14.3374 | 1,552,024,563.60 | 58,200,921.14 |
| Subtotal for the group of non-euro area NCBs | 29.6085 | 30.3824 | 3,288,896,947.92 | 123,333,635.55 |
| Total | 100.0000 | 100.0000 | 10,825,007,069.61 | 7,659,443,757.27 |
CrnogorskiEnglish available languages