Regulatory Alerts2025-12-31
Decision (EU) 2026/115 on the paying-up of capital, transfer of foreign reserve assets, and contributions by the Bulgarian National Bank to the ECB
The European Central Bank mandates the Bulgarian National Bank to fully pay up its remaining subscribed capital share of EUR 101,929,755 and transfer foreign reserve assets equivalent to EUR 1,482,514,654.83 in US dollars and gold. The ECB will credit the Bulgarian National Bank with a non-redeemable claim of EUR 485,296,405.74 for the transferred assets, which accrues interest at 85% of the ECB reference rate. Additionally, the Bulgarian National Bank must contribute to the ECB’s reserves and provisions based on its capital key weighting, with the final amount determined after the approval of the ECB’s 2025 annual accounts.
Share