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 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 ( 100000000000 ) euro, subscribed by the Member States as follows: Germany 17766355000 France 17766355000 Italy 17766355000 United Kingdom 17766355000 Spain 6530656000 Belgium 4924710000 Netherlands 4924710000 Sweden 3267057000 Denmark 2493522000 Austria 2444649000 Finland 1404544000 Greece 1335817000 Portugal 860858000 Ireland 623380000 Luxembourg 124677000 ’ 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. ’ 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 L Official Journal of the European Communities 021 42 19990128 EN DIA 01 FXAL99021ENC 17252555 3 s1 s1 1 26 27 2 II Acts whose publication is not obligatory