Raad akkoord met aankoop aandelen van EBRD (en)

COUNCIL OF THE EUROPEAN UNION

Brussels, 8 November 2011

PRESSE 412

Council authorises purchase of additional shares in EBRD i

The Council today¹ adopted a decision allowing the EU to subscribe for additional callable shares in the European Bank for Reconstruction and Development (EBRD), following the bank's decision to raise its capital (PE- CON).

In May 2010, the EBRD board of governors decided to increase the bank's authorised capital stock by 50% from EUR 20 billion to EUR 30 billion in response to the financial crisis and in order to support recovery in the regions where the bank is active. The capital increase comprises EUR 1 billion in paid-in capital and EUR 9 billion of new callable capital.

The Council decision provides for the EU to subscribe for 27 013 additional callable shares of EUR 10 000 each.

The decision was taken without discussion at a meeting of the Economic and Financial Affairs Council.

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