L 336/110 30.12.2000 Official Journal of the European Communities EUROPEAN CENTRAL BANK DECISION OF THE EUROPEAN CENTRAL BANK of 16 November 2000 providing for the paying-up of capital and the contribution to the reserves and provisions of the ECB by the Bank of Greece, and for the initial transfer of foreign-reserve assets to the ECB by the Bank of Greece and related matters (ECB/2000/14) (2000/823EC) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK, the key referred to in Article 29.1 of the Statute is 2,0564 %. Having regard to the Statute of the European System of Central Banks and of the European Central Bank (hereinafter referred G to as the ‘Statute’) and in particular to Articles 28, 30, 34 and Article 49.1 of the Statute provides that the central bank of a Member State whose derogation has been abrogated 49 thereof, shall pay up its share of the capital of the ECB to the same extent as the central banks of other Member States without a derogation. Article 28.3 of the Statute Whereas: provides that the Governing Council of the ECB shall determine the extent to which and the form in which (1)  Pursuant to Council Decision 2000/427/EC of 19 June the capital shall be paid up. The Governing Council of 2000 in accordance with Article 122(2) of the Treaty on the adoption by Greece of the single currency on 1 January 2001 ("), Greece fulfils the necessary conditions for the adoption of the single currency, and the deroga- tion in favour of Greece laid down in recital 4 of Council Decision 98/317/EC of 3 May 1998 in accord- ance with Article 109j(4) of the Treaty (%) shall be abro- gated with effect from 1 January 2001. As a result, and with effect from 1 January 2001, the Bank of Greece becomes a national central bank (NCB) of a Member State without a derogation for purposes of this Decision. Article 28.1 of the Statute provides that the capital of the European Central Bank (ECB), which became opera- tional upon its establishment, shall be EUR 5 000 million. Article 28.2 of the Statute provides that the NCBs of the Member States of the European Union shall be the sole subscribers to and holders of the capital of the ECB and that the subscription of capital shall be according to the key established in accordance with Article 29. As provided in Decision ECB[1998/13 of 1 December 1998 on the NCBs' percentage shares in the key for the capital of the ECB (*) and in accordance with Council Decision (EC) No 382/98 of 5 June 1998 on the statistical data to be used for the determination of the key for subscription of the capital of the European Central Bank (%) the weighting of the Bank of Greece in 167, 7.7.2000, p. 19. 139, 11.5.1998, p. 30. () O] L () O] L () O] L 125, 19.5.1999, p. 33. () O L 171, 17.6.1998, p. 33. ( ( ’) ) the ECB determined in Decision ECB/1998/2 of 9 June 1998 laying down the measures necessary for the paying-up of the capital of the European Central Bank (°) that the subscriptions of the NCBs of the Member States without a derogation shall be paid up in full. The Bank of Greece shall therefore pay up its share of the subscribed capital of the ECB in full. Article 48 of the Statute provides that, by way of derogation from Article 28.3 of the Statute, the central banks of Member States with a derogation shall not pay up their subscribed capital unless the General Council of the ECB, acting by a majority representing at least two thirds of the subscribed capital of the ECB and at least half of the shareholders, decides that a minimal percentage has to be paid up as a contribution to the operation costs of the ECB. The General Council of the ECB decided in Decision ECB[1998/14 of 1 December 1998 laying down the measures necessary for the paying-up of the capital of the ECB by the non-partici- pating NCBs (°) that the NCBs of Member States with a derogation shall pay up 5 % of their subscription to the ECB's capital. In accordance with Decision ECB[1998/ 14, the Bank of Greece paid, as at 1 June 1998, an amount of EUR 5141 000 of its subscribed capital of EUR 102 820 000. The Bank of Greece shall therefore be required to pay up in full the balance of its share of the subscribed capital not already paid up. 8, 14.1.1999, p. 33. 0] L 0] L 110, 28.4.1999, p. 33.