Securities Holdings Statistics Q4 2025

Chart 1: Total Securities Holdings of Irish Residents by Instrument Type

The market value of Irish resident holdings stood at €6,175 Bn at end-Q4 2025 (Chart 1) –increasing by just under 3 per cent or €176 Mn over the quarter.

Holdings of Listed Shares were the main contributor to the quarterly increase, rising by €123Mn in market value. This corresponded to an increase of approximately 5 per cent and accounted for 70 per cent of the total quarterly movement.

Irish holdings of Gulf State issued securities made up 25.6 Bn this quarter- predominantly held by Investment Funds and Money Market Funds- with further breakdowns provided in Charts 2 and 3.

Chart 2: Irish Holdings of Gulf Securities

Irish holdings of Gulf States* issued securities amounted to €25.6 Bn at end Q4-2025.  

This was a 3 per cent increase over the year from Q4-2024, although a 1 per cent drop from Q3-2025. The UAE (€12.4 Bn) and Saudi Arabia (€7.5 Bn) account for the bulk of the issues, with the other 4 states totalling €5.6 Bn.  

The Irish sectors that held these assets are predominately Investment Funds (€18.8 Bn) and Money Market Funds (€6.7 Bn), with all other sectors accounting for the residual €575 Mn. Gulf State issued securities make up about 0.5 per cent of the total of IrishInvestment Fund holdings. 

The sectors that have issued these securities are diverse, with Credit Institutions the largest at €12.1 Bn (48 per cent), NFCs at €6.8 Bn (27 per cent) and Government at €5 Bn (20 per cent) at end Q4-2025.  

A majority of the Credit Institution issues originated from the UAE (€7.8 Bn), although this is a decline from an overall series-peak of €9.8 Bn in Q2-2025. 

Saudi Arabia was the largest NFC issuer (€3.1 Bn), followed closely by UAE (€2.9 Bn). The government issues are more spread out, the largest being Saudi Arabia at€1.9 Bn. Government issues were the largest issuer sector in both Bahrain and Oman. 

*Gulf States & Legend Order: UAE(AE), Bahrain (BH), Kuwait (KW), Oman (OM), Qatar (QA), Saudi Arabia (SA)

Chart 3: Gulf Securities by Issuer Sector

At end Q4-2025, the largest recorded YoY issuer sector growth by value can be attributed to Credit Institutions, growing about 10.2 per cent over the year, 1.1 Bn.

GOV issuances by comparison fell over the year by near 408 Mn, a fall of7.5 per cent.

GOV issuances however grew ~ 7 per cent over the quarter, about 353 Mn through the period, primarily lead by the UAE, Saudi Arabia, Oman and Bahrain.

Chart 4: Holdings of Green Bond and ESG Securities by Irish Residents

Irish-resident investors held €97.9 Bn of ESG Securities at end Q4-2025 from €97.4 Bn at end Q3-2025 - growing approx. 0.5 per cent over the quarter. 

Of the total ESG holdings, Green Bonds now make up about66 per cent of the ESG total. Green bond holdings increased approximately 10.5 per cent YoY since Q4-2024 from €58.3 Bn to €64.5 Bn. 

Green bonds return to accounting for approximately 2.3 per cent of Total Debt Securities held by Irish-resident investors (Table 1.3) – rising by 0.1 per cent over the period.  

For definitions and descriptions of the sustainability classifications, please refer to the ECB Climate Change-related statistical indicators Technical Annex.

Table 3.1: Green Bonds Quarter-on-Quarter

Table 3.2: Green Bonds End-Year-on-End-Year

Table 3.1: Green Bond % of Total Debt Securities