Shareholders

The ESM’s shareholders are the 19 euro area Member States.

The contribution key for subscribing to ESM authorised capital stock is based on the key for subscription, by the national central banks of the ESM Members, of the ECB’s capital.

The authorised capital stock is €704.8 billion which is divided according to the contribution key. The authorised capital stock is divided into paid-in shares and callable shares. The paid-in capital amounts to €80.55 billion.

ESM Member

ESM Key (%)

No of Shares

Capital subscription (€)

Paid-in capital (€)

Kingdom of Belgium

3.4534

243 397

24 339 700 000

2 781 680 000

Federal Republic of Germany

26.9616

1 900 248

190 024 800 000

21 717 120 000

Republic of Estonia

0.1847

13 020

1 302 000 000

148 800 000

Ireland

1.5814

111 454

11 145 400 000

1 273 760 000

Hellenic Republic

2.7975

197 169

19 716 900 000

2 253 360 000

Kingdom of Spain

11.8227

833 259

83 325 900 000

9 522 960 000

French Republic

20.2471

1 427 013

142 701 300 000

16 308 720 000

Italian Republic

17.7917

 1 253 959

125 395 900 000

14 330 960 000

Republic of Cyprus

0.1949

13 734

1 373 400 000

156 960 000
Republic of Latvia 0.2746 19 353 1 935 300 000 221 200 000
Republic of Lithuania 0.4063 28 634 2 863 400 000 327 200 000

Grand Duchy of Luxembourg

0.2487

17 528

1 752 800 000

200 320 000

Malta

0.0726

5 117

511 700 000

58 480 000

Kingdom of the Netherlands

5.6781

400 190

40 019 000 000

4 573 600 000

Republic of Austria

2.7644

194 838

19 483 800 000

2 226 720 000

Portuguese Republic

2.4921

175 644

17 564 400 000

2 007 360 000

Republic of Slovenia

0.4247

29 932

2 993 200 000

342 080 000

Slovak Republic

0.8184

57 680

5 768 000 000

659 200 000

Republic of Finland

1.7852

125 818

12 581 800 000

1 437 920 000

Total

100

7 047 987

704 798 700 000

80 548 400 000


Payment of paid-in capital by ESM Members

Date Amount (€)
Cumulative amount (€)
12/10/2012 32 863 000 000
32 863 000 000
30/04/2013 15 712 416 000
48 575 416 000
31/10/2013 15 712 416 000 64 287 584 000
19/03/2014 44 240 000 64 331 824 000
30/04/2014 15 712 416 000 80 044 240 000

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