Central banks hold 7.7% of all non-resident held Polish T-bonds as end of April

By bne IntelliNews June 18, 2014

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

Poland supports Turkey’s near-dead EU membership bid

Turkish President Recep Tayyip Erdogan received a warm welcome from his Polish peer Andrzej Duda on October 17, as Warsaw said it supported Ankara’s formally ongoing bid to become a member of the ... more

Poland claims there will be “no taboo” in talks with Erdogan

Poland will skip no touchy topics in talks with President Recep Tayyip Erdogan, visiting Warsaw on October 17, the office of President Andrzej Duda said ahead of the visit by the Turkish leader, ... more

Polish anti-trust office clears PGE to take over EDF’s local energy assets

The Polish anti-monopoly body UOKiK has cleared the state-controlled power conglomerate PGE to take over the Polish assets of French peer EDF on condition that power from one acquired ... more