AGREEMENT
establishing the European Bank for reconstruction and development
CHAPTER I
PURPOSE, FUNCTIONS AND MEMBERSHIP
Article 1
Purpose
Article 2
Functions
Article 3
Membership
CHAPTER II
CAPITAL
Article 4
Authorized capital stock
Article 5
Subscription of shares
Article 6
Payment of subscriptions
Article 7
Ordinary capital resources
CHAPTER III
OPERATIONS
Article 8
Recipient countries and use of resources
Article 9
Ordinary and special operations
Article 10
Separation of operations
Article 11
Methods of operation
Article 12
Limitations on ordinary operations
Article 13
Operating principles
Article 14
Terms and conditions for loans and guarantees
Article 15
Commission and fees
Article 16
Special reserve
Article 17
Methods of meeting the losses of the bank
Article 18
Special Funds
Article 19
Special Funds resources
CHAPTER IV
BORROWING AND OTHER MISCELLANEOUS POWERS
Article 20
General powers
CHAPTER V
CURRENCIES
Article 21
Determination and use of currencies
CHAPTER VI
ORGANIZATION AND MANAGEMENT
Article 22
Structure
Article 23
Board of Governors: composition
Article 24
Board of Governors: powers
Article 25
Board of Governors: procedure
Article 26
Board of Directors:composition
Article 27
Board of Directors: powers
Article 28
Board of Directors: procedure
Article 29
Voting
Article 30
The President
Article 31
Vice-President(s)
Article 32
International character of the Bank
Article 33
Location of offices
Article 34
Depositories and channels of communication
Article 35
Publication of reports and provision of information
Article 36
Allocation and distribution of net income
CHAPTER VII
WITHDRAWAL AND SUSPENSION OF MEMBERSHIP, TEMPORARY SUSPENSION AND TERMINATION OF OPERATIONS
Article 37
Right of members to withdraw
Article 38
Suspension of membership
Article 39
Settlement of accounts with former members
Article 40
Temporary suspension of operations
Article 41
Termination of operations
Article 42
Liability of members and payment of claims
Article 43
Distribution of assets
CHAPTER VIII
STATUS, IMMUNITIES, PRIVILEGES AND EXEMPTIONS
Article 44
Purposes of chapter
Article 45
Status of the Bank
Article 46
Position of the Bank with regard to judicial process
Article 47
Immunity of assets from seizure
Article 48
Immunity of archives
Article 49
Freedom of assets from restrictions
Article 50
Privilege for communications
Article 51
Immunities of officers and employees
Article 52
Privileges of officers and employees
Article 53
Exemption from taxation
Article 54
Implementation of chapter
Article 55
Waiver of immunities, privileges and exemptions
CAHPTER IX
AMENDMENTS, INTERPRETATION, ARBITRATION
Article 56
Amendments
Article 57
Interpretation and application
Article 58
Arbitration
Article 59
Approval deemed given
CHAPTER X
FINAL PROVISIONS
Article 60
Signature and deposit
Article 61
Ratification acceptance or approval
Article 62
Entry into force
Article 63
Inaugural meeting and commencement of operations
ANNEX A
(in million ecus) |
||||
|
Number of shares |
Capital subscription |
||
A. EUROPEAN COMMUNITIES |
||||
|
22 800 |
228,00 |
||
Denmark |
12 000 |
120,00 |
||
France |
85175 |
851,75 |
||
Federal Republic of Germany |
85 175 |
851,75 |
||
Greece |
6 500 |
65,00 |
||
Ireland |
3 000 |
30,00 |
||
Italy |
85 175 |
851,75 |
||
Luxembourg |
2 000 |
20,00 |
||
Netherlands |
24 800 |
248,00 |
||
Portugal |
4 200 |
42,00 |
||
Spain |
34 000 |
340,00 |
||
United Kingdom |
85 175 |
851,75 |
||
|
30 000 |
300,00 |
||
European Investment Bank |
30 000 |
300,00 |
||
B. OTHER EUROPEAN COUNTRIES |
||||
Austria |
22 800 |
228,00 |
||
Cyprus |
1 000 |
10,00 |
||
Finland |
12 500 |
125,00 |
||
Iceland |
1 000 |
10,00 |
||
Israel |
6 500 |
65,00 |
||
Liechtenstein |
200 |
2,00 |
||
Malta |
100 |
1,00 |
||
Norway |
12 500 |
125,00 |
||
Sweden |
22 800 |
228,00 |
||
Switzerland |
22 800 |
228,00 |
||
Turkey |
11 500 |
115,00 |
||
C. RECIPIENT COUNTRIES |
||||
Bulgaria |
7 900 |
79,00 |
||
Czechoslovakia |
12 800 |
128,00 |
||
German Democratic Republic |
15 500 |
155,00 |
||
Hungary |
7 900 |
79,00 |
||
Poland |
12 800 |
128,00 |
||
Romania |
4 800 |
48,00 |
||
Union of Soviet Socialist Republics |
60 000 |
600,00 |
||
Yugoslavia |
12 800 |
128,00 |
||
D. NON-EUROPEAN COUNTRIES |
||||
Australia |
10 000 |
100,00 |
||
Canada |
34 000 |
340,00 |
||
Egypt |
1 000 |
10,00 |
||
Japan |
85 175 |
851,75 |
||
Republic of Korea |
6 500 |
65,00 |
||
Mexico |
3 000 |
30,00 |
||
Morocco |
1 000 |
10,00 |
||
New Zealand |
1 000 |
10,00 |
||
United States of America |
100 000 |
1,000,00 |
||
|
125 |
1,25 |
||
Total |
1 000 000 |
10 000,00 |