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 €8,875,217,621.22, broken down as follows:

Euro area national central banks’ contribution to the ECB’s capital
Country Capital key % Capital paid up (€)
Austria 2.3804 257,678,468.28
Belgium 2.9630 320,744,959.47
Croatia 0,6595 71,390,921.62
Cyprus 0.1750 18,943,762.37
Estonia 0.2291 24,800,091.20
Finland 1.4939 161,714,780.61
France 16.6108 1,798,120,274.32
Germany 21.4394 2,320,816,565.68
Greece 2.0117 217,766,667.22
Ireland 1.3772 149,081,997.36
Italy 13.8165 1,495,637,101.77
Latvia 0.3169 34,304,447.40
Lithuania 0.4707 50,953,308.28
Luxembourg 0.2679 29,000,193.94
Malta 0.0853 9,233,731.03
Portugal 1.9035 206,054,009.7
Slovakia 0.9314 100,824,115.85
Slovenia 0.3916 42,390,727.68
Spain 9.6981 1,049,820,010.62
The Netherlands 4.7662 515,941,486.95
Total1 81.9881 8,875,217,621.22

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 €73,117,104.33, broken down as follows:

Non-euro area national central banks’ contribution to the ECB’s capital
Country Capital key % Capital paid up (€)
Bulgaria 0.9832 3,991,180.11
Czech Republic 1.8794 7,629,194.36
Denmark 1.7591 7,140,851.23
Hungary 1.5488 6,287,164.11
Poland 6.0335 24,492,255.06
Romania 2.8289 11,483,573.44
Sweden 2.9790 12,092,886.02
Total1 18,0119 73.117.104,33

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.