European Investment Bank Decision of the Board of Governors of 30 March 2009 on the increase in the capital of the European Investment Bank THE BOARD OF GOVERNORS OF THE EUROPEAN INVESTMENT BANK, HAVING REGARD to Articles 4(3) and 5(2) of the Statute, WHEREAS the task of the Bank is set out in Article 267 of the Treaty establishing the European Community, WHEREAS according to Article 4(1), second subparagraph, of the Bank’s Statute the unit of account shall be defined as being the euro, WHEREAS the recent development of the Bank’s activity and the likely evolution of lending, in particular with a view to respond to the European and Ecofin Councils’ invitations, requires an increasing EIB support for a range of activities, particularly against the current outlook of the economic situation in the EU over the coming years, WHEREAS according to the deliberations of the Board of Directors on the Bank’s requirements for capital at its meeting on 16 December 2008 , the subscribed capital of the Bank should be increased to EUR 232392989000 ; the portion to be paid in should be 5 percent, funded entirely by the Bank from its Additional Reserves, and the Reserve Fund should progressively be rebuilt up to its statutory requirement of 10 percent of subscribed capital, UNANIMOUSLY DECIDED on 30 March 2009 , using the written procedure provided for in Article 5 of the Bank’s Rules of Procedure, on a proposal from the Board of Directors, in accordance with Article 4(3) of the EIB’s Statute that:
1. Additional Reserves of the Bank in the amount of EUR 5379241000 shall be considered as free reserves; 2. Of the free reserves, EUR 2000000000 shall be transferred to a dedicated reserve to support SFF and similar undertakings; 3. With effect from 1 April 2009 , the capital of the Bank shall be increased as follows: 3.1. The capital subscribed by the Member States shall be raised pro rata, from EUR 164808169000 to EUR 232392989000 , so as to arrive at the following amounts (EUR): Germany 37578019000 France 37578019000 Italy 37578019000 United Kingdom 37578019000 Spain 22546811500 Belgium 10416365500 Netherlands 10416365500 Sweden 6910226000 Denmark 5274105000 Austria 5170732500 Poland 4810160500 Finland 2970783000 Greece 2825416500 Portugal 1820820000 Czech Republic 1774990500 Hungary 1679222000 Ireland 1318525000 Romania 1217626000 Slovakia 604206500 Slovenia 560951500 Bulgaria 410217500 Lithuania 351981000 Luxembourg 263707000 Cyprus 258583500 Latvia 214805000 Estonia 165882000 Malta 98429500 3.2.
Of the free reserves, EUR 3379241000 shall be transformed into paid-in capital by the way of transfer from the Bank’s Additional Reserves to its capital; 3.3. This capital shall be deemed to be part of the subscribed and paid-in capital, so increasing the Bank’s paid-in capital from EUR 8240408450 to EUR 11619649450 ; CONSEQUENTLY 3.4. The Bank’s Statute shall be amended. As from 1 April 2009 , the first subparagraph of Article 4(1) of the Bank’s Statute shall read as follows: ‘ The capital of the Bank shall be EUR 232392989000 , subscribed by the Member States as follows Germany 37578019000 France 37578019000 Italy 37578019000 United Kingdom 37578019000 Spain 22546811500 Belgium 10416365500 Netherlands 10416365500 Sweden 6910226000 Denmark 5274105000 Austria 5170732500 Poland 4810160500 Finland 2970783000 Greece 2825416500 Portugal 1820820000 Czech Republic 1774990500 Hungary 1679222000 Ireland 1318525000 Romania 1217626000 Slovakia 604206500 Slovenia 560951500 Bulgaria 410217500 Lithuania 351981000 Luxembourg 263707000 Cyprus 258583500 Latvia 214805000 Estonia 165882000 Malta 98429500 ’ 4.
This decision shall be published in the Official Journal of the European Union . For the Board of Governors The Chairman C. Stavrakis The Secretary A. Querejeta