BoE will get back €58 million from ECB after Brexit

Brexit

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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