Article 2 Adjustment of paid-up capital

Given that each euro area NCB has already paid up its full share in the ECB’s subscribed capital as applicable until 31 January 2020 under Decision (EU) 2019/44 (ECB/2018/28), each of them shall transfer an additional amount to the ECB in order to arrive at the amounts shown in the table in Article 1. These transfers shall be made by each euro area NCB in three instalments. The first instalment by the euro area NCBs shall be made on 1 February 2020, amounting to a total of EUR 47 539 371,66. The two remaining instalments, amounting to totals of EUR 610 088 603,17 and EUR 610 088 603,05 respectively, shall be made in 2021 and 2022.

All transfers pursuant to this Article shall be made in accordance with Decision (EU) 2020/137 of the European Central Bank (ECB/2020/5)^f1.