Eurosystem

The share in the capital of the ECB

The national central banks are the only underwriters and stake holders of the capital of the European Central Bank (ECB).

The percentage share of each national central bank in the ECB’s total capital is determined in accordance with Article 29 of the Statutes of the European System of Central Banks (ESCB) and of the ECB, on the basis of the respective country’s share in the total population and gross domestic product of the EU. It is adjusted every five years and whenever a country joins the EU.

The subscribed capital of the ECB amounts to €10,825,007,069.61.

The part paid up by the euro area national central banks amounts to €7,536,110,121.69, broken down as follows:

Euro area national central banks’ contribution to the ECB’s capital
CountryPercentage of capital %Capital paid up (€)
Austria 2.0325 220,018,268.69
Belgium 2.5280 273,656,178.72
Cyprus 0.1503 16,269,985.63
Estonia 0.1968 21,303,613.91
Finland 1.2708 137,564,189.84
France 14.2061 1,537,811,329.32
Germany 18.3670 1,988,229,048.48
Greece 1.7292 187,186,022.25
Ireland 1.1754 127,237,133.10
Italy 11.8023 1,277,599,809.38
Latvia 0.2731 29,563,094.31
Lithuania 0.4059 43,938,703.70
Luxembourg 0.2270 24,572,766.05
Malta 0.0732 7,923,905.17
Portugal 1.6367 177,172,890.71
Slovakia 0.8004 86,643,356.59
Slovenia 0.3361 36,382,848.76
Spain 8.3391 902,708,164.54
The Netherlands 4.0677 440,328,812.57
Total1 69.6176 7,536,110,121.69

1 Owing to rounding, the total may not correspond to the sum of all figures shown.

The EU’s non-euro area national central banks are required to pay up a small percentage of their share in the ECB’s subscribed capital as a contribution to the operational costs incurred by the ECB in relation to their participation in the ESCB.

Since 29 December 2010, their contributions have represented 3.75% of their total share in the subscribed capital and amounts to €123,333,635.55, broken down as follows:

Non-euro area national central banks’ contribution to the ECB’s capital
CountryPercentage of capital %Capital paid up (€)
Bulgaria 0.8511 3,454,936.32
Croatia 0.5673 2,302,884.94
Czech Republic 1.6172 6,564,825.54
Denmark 1.4986 6,083,383.35
Hungary 1.3348 5,418,457.29
Poland 5.2068 21,136,367.55
Romania 2.4470 9,933,297.11
Sweden 2.5222 10,238,562.31
United Kingdom 14.3374 58,200,921.14
Total1 30.3824 123,333,635.55

1 Owing to rounding, the total may not correspond to the sum of all figures shown.

The non-euro area national central banks are not entitled to receive any share of the distributable profits of the ECB, nor are liable to fund any losses of the ECB.