Bank of Portugal updates July 2025 securities statistics and analyses households’ securities portfolios

The Bank of Portugal published updated securities statistics for July 2025 alongside a statistical note analysing households’ securities portfolios. The release shows a month-on-month rise in the stock of resident-issued listed equities and an increase in outstanding debt securities, with net issuance concentrated in the financial sector and general government. At end-July 2025, outstanding debt securities issued by resident entities totalled EUR 320.5 billion, up EUR 2.0 billion from the previous month, mainly reflecting net issuance of EUR 2.3 billion by the financial sector and EUR 1.5 billion by general government, partly offset by net redemptions of EUR 1.1 billion by non-financial corporations and a EUR 934 million valuation decline in general government debt. General government debt securities outstanding stood at EUR 191.9 billion, with year-to-date net issuance of EUR 16.2 billion. ESG-labelled debt securities outstanding totalled EUR 13.7 billion (4.3% of the resident debt securities stock), down EUR 723 million month-on-month due to net redemptions of EUR 775 million. The stock of listed shares issued by resident entities rose to EUR 70.7 billion, up EUR 2.3 billion, driven by valuation gains in non-financial corporations (EUR 1.4 billion) and the financial sector (EUR 922 million). The next update is scheduled for 16 September 2025.