In October the debt in domestic TS increased by PLN 0.3bn and amounted to PLN 1,119.5bn. This was the result of an increase in debt towards domestic non-bank investors by PLN 3.0bn (to PLN 398.6 billion) and a decrease in debt towards both domestic banks (including the NBP) and non-residents by PLN 1.6bn (to PLN 574.1 billion) and by PLN 1.2bn (to PLN 148.4 billion), respectively. As a result, the share of domestic non-banking investors in the domestic TS debt increased to 35.6% from 35.3% in September (35.8% at the end of December 2023), while the share of domestic banks (including the NBP) decreased to 51.1% from 51.3% (50.6% at the end of December 2023). However, the share of non-residents in the domestic TS debt decreased to 13.3% compared to 13.4% in the previous month (13.6% at the end of December 2023).

(A) The face value of Treasury Securities used as collateral of state budget deposits in commercial banks is presented in "Ministry of Finance" subcategory (within "General government institutions" category) and thus is deducted from the banking sector category.

(B) The face value of Treasury Securities used as collateral of state budget deposits in commercial banks was retained within "Banks" category and thus is not presented in "General government institutions" category.

* The face value of Treasury securities located on Omnibus accounts (a form of securities register designed for non-residents) at the end of the month is included in “Foreign investors” category.

** As of September 2020, the category "households" replaced the existing category "individuals" and the category "non-financial corporations" replaced the category "non-financial entities". Domestic investors have been extended by category "General government institutions". The scope of entities included in these categories is described in the Regulation of the Minister of Finance of 8 June 2020.

Historical data are available in the file portfele.xls
Last update - 29.11.2024

Detailed information on institutional and geographical distribution of non-residents holdings is available in the following tables and in the attached files: Struktura_nierezydentów.xlsm, Nierezydenci_kraje.xlsx, Portfele_nierezydentów_po_seriach.xls. Additionally, a new category “omnibus accounts” was distinguished among foreign entities due to the fact that there is no possibility to identify investors entitled to securities registered on these accounts.

Institutional distribution of non-residents holdings in Treasury securities issued on the local market at the end of October 2024

Geographical distribution of non-residents holdings in Treasury securities issued on the local market at the end of October 2024

*** 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.

Geographical distribution of central banks holdings in Treasury securities issued on the local market at the end of October 2024

Non-residents holdings in marketable T-bonds and T-bills

Historical data are available in the file nierezydenci.xls
Last update - 29.11.2024