BoE will get back €58 million from ECB after Brexit
Decision yet to be made on who will make up the capital shortfall
The European Central Bank will reimburse the Bank of England for its share of the ECB’s paid-up capital, after the UK exits from the European Union.
Contributions to the ECB’s capital are theoretically non-refundable and, as a non-eurozone member, the BoE is not entitled to any dividends. However, as part of the UK’s withdrawal agreement, the EU will pay a share of certain assets to the UK.
According to Article 149 of the withdrawal agreement, the ECB, on behalf of the EU, will reimburse the
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