Poles invested over PLN 12 bln abroad in 2015 – NBP

Polish investors directly invested PLN 12.1 billion abroad in 2015, according to a report published on Friday by the National Bank of Poland (NBP).  “Investments in shares and other forms of equity interest stood at PLN 10.9 billion, negative reinvested profits (dividends from the previous year’s profits were greater than the profits achieved in 2015) reached PLN -0.6 billion, and investments in debt instruments came to PLN 1.9 billion,” the report states.  The largest transactions of Polish residents in terms of direct investment abroad took place in Cyprus (PLN 11.2 billion) and Switzerland (PLN 4 billion). Polish direct investors withdrew capital (disinvestment) from Luxembourg (PLN -2.2 billion), among other countries, but in the case of Sweden (PLN -4.4 billion), the negative amount resulted from new borrowing by direct investors from their subsidiaries.  The NBP report indicates that in 2015 direct Polish investment abroad went primarily into companies involved in financial and insurance activities, especially financial holding companies, as well as mining and quarrying.