Central banks held Polish Treasury bonds issued on the local market worth of PLN 14.43bn (EUR 3.48bn) at the end of April vs. the total of PLN 187.64bn of such securities held by all non-residents. Commercial banks held T-bonds worth of PLN 11.86bn at that time, while investment funds - PLN 79.07bn.
However, the ministry of finance noted that a sizeable part of these securities (PLN 30.40bn) was stored on the so-called omnibus accounts - accounts run by direct participants of the National Depository (KDPW) who are not holders of securities registered on these accounts. Introduction of omnibus accounts facilitated foreign investors access to Polish Treasury securities market. Due to the previous regulations holding separate account dedicated for operations on Polish market was required which formed cost and organizational barrier, the ministry explained.
In geographical terms, investors from two regions dominated: the euro-zone (PLN 54.95bn) and North America (48.96bn).
Related Articles
Kazakhstan’s Freedom fintech sets out to emulate and exceed Revolut in Europe
Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
Poland’s BGK to begin operations in Ukraine under new cooperation deal
Polish state development bank BGK will launch operations in Ukraine following the signing of a cooperation agreement between the two countries’ economic ministries, reported Ukraine Business News. ... ... more