Decision of the Board of Governors of 5 June 1998 concerning the increase of the Bank's capital and the definition of the unit of account
L 21/26 EN Official Journal of the European Communities 28. 1. 1999 EUROPEAN INVESTMENT BANK DECISION OF THE BOARD OF GOVERNORS of 5 June 1998 concerning the increase of the Bank’s capital and the definition of the unit of account By virtue of the decision of the Board of Governors of the European Investment Bank (1) taken by unanimity on 5 June 1998 pursuant to Article 4(1), second subparagraph, Article 4(3) and Article 5(2) of the Bank’s Statute, the Statute is amended as from 1 January 1999. 1. The first subparagraph of Article 4(1) of the Statute reads: ‘The capital of the Bank shall be one hundred thousand million (100 000 000 000) euro, subscribed by the Member States as follows: Germany France Italy United Kingdom Spain Belgium Netherlands Sweden Denmark Austria Finland Greece Portugal Ireland Luxembourg 17 766 355 000 17 766 355 000 17 766 355 000 17 766 355 000 6 530 656 000 4 924 710 000 4 924 710 000 3 267 057 000 2 493 522 000 2 444 649 000 1 404 544 000 1 335 817 000 860 858 000 623 380 000 124 677 000' (2) 2. The second subparagraph of Article 4(1) of the Statute reads: ‘The unit of account shall be defined as being the euro established as the single currency of the Member States participating in the third stage of Economic and Monetary Union. The Board of Governors, acting unanimously on a proposal from the Board of Directors, may alter the definition of the unit of account. ' (1) OJ C 269, 28. 8. 1998, p. 9. (2) Of the total amount of EUR 100 billion, EUR 95 549 597 250 is effective as from 1 January 1999, corre- sponding to a subscribed capital for Germany of EUR 13 315 952 250. The remainder awaits the formal completion of parliamentary procedures at the relevant national level and shall become effective, retroac- tively as from 1 January 1999, as soon as these procedures have become completed, the date of which shall be published in due course. During the time that to EUR 95 549 597 250, the paid in capital referred to in Article 5(1) of the Statute represents 6,27946132 % of that amount. the subscribed capital amounts 28. 1. 1999 EN Official Journal of the European Communities L 21/27 3. Article 5(1) of the Statute reads: ‘The subscribed capital shall be paid in by Member States to the extent of 6 % on average of the amounts laid down in Article 4(1). ' For the Board of Governors Chairman Jouko SKINNARI Secretary F. A. W. CARPENTER