Figures released by the National Statistics Office yesterday show that entities resident in Malta held €20.04 billion in overseas assets as at the end of December 2012.

This represents an increase of 17 per cent from the position at the end of 2011 and an increase of 28.6 per cent over 2010.

The main increase, amounting to €2,820.9 million, was registered in long-term debt securities, reaching €19,120.7 million at the end of the period under review.

Long-term debt securities continued to form the bulk of the portfolio investment, accounting for 95.4 per cent of total securities at the end of 2012. The stock position of equity securities increased by €51.4 million from that prevailing a year earlier, totalling €919.1 million at the end of December 2012. The value of the stock position of the short-term securities fell by €1.9 million during 2012, to €0.1 million.

With securities amounting to €9,901.0 million, Turkey accounted for 49.4 per cent of total securities invested abroad. The UK held 8.5 per cent of total securities invested abroad, followed by Ireland (6.4 per cent), France (5.4 per cent), and the Netherlands (4.7 per cent).

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