On 1 May 2004 the Czech Republic, Estonia, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Slovenia and Slovakia became Member States (the new Member States') of the European Union.
At the time of accession, the subscribed capital of the Bank increased to EUR 163.7bn from EUR 150bn (an increase of 9.1%). This increase was due to new subscriptions to the Bank's capital by the new Member States and an increase on the part of Spain. The 10 new Member States together account for around 4.6% of the enlarged subscribed capital.
The treaty governing accession (the Accession Treaty') foresees that the paid in portion of thesubscribed capital, which represents 5% of the amount subscribed, be contributed in eight equal installments according to an agreed schedule 1 .
Following the increase, EIB's subscribed capital in EUR is as follows:
| Country | |
|---|---|
| Germany |
26 649 532 500 |
| France |
26 649 532 500 |
| Italy |
26 649 532 500 |
| United Kingdom |
26 649 532 500 |
| Spain |
15 989 719 500 |
| Belgium |
7 387 065 000 |
| Netherlands |
7 387 065 000 |
| Sweden |
4 900 585 500 |
| Denmark |
3 740 283 000 |
| Austria |
3 666 973 500 |
| Poland |
3 411 263 500 |
| Finland |
2 106 816 000 |
| Greece |
2 003 725 500 |
| Portugal |
1 291 287 000 |
| Czech Republic |
1 258 785 500 |
| Hungary |
1 190 868 500 |
| Ireland |
935 070 000 |
| Slovakia |
428 490 500 |
| Slovenia |
397 815 000 |
| Lithuania |
249 617 500 |
| Luxembourg |
187 015 500 |
| Cyprus |
183 382 000 |
| Latvia |
152 335 000 |
| Estonia |
117 640 000 |
| Malta |
69 804 000 |
| Total |
163 653 737 000 |
(1) Due on 30/09/2004, 30/09/2005, 30/09/2006, 31/03/2007, 30/09/2007, 31/03/2008/, 30/09/2008 and 31/03/2009.