Launched in 2005, the Primary Dealer (PD) system aims to promote participation in Uganda Government securities markets, to foster the development of financial markets, to improve the secondary market trading system as well as to ensure efficiency in the operations related to the Government securities market at the central bank.
Stanbic Bank Uganda Ltd has been awarded the best performing bank in Uganda government securities for the Year 2017–a sixth consecutive award for the biggest commercial bank in the country.
Speaking at the Annual Award Event for the Best Performing Commercial Bank of the Year in Government Securities at Bank of Uganda (BoU) headquarters in Kampala, Prof. Emmanuel Tumusiime-Mutebile, the governor of Bank of Uganda, said that total turnover in the secondary market increased by 29% to UGX5.1 trillion in 2017, from UGX3.6 trillion in 2016.
Pearl Bank Celebrates Customers in Festive Campaign Dubbed Pearl SantaIn the same vein, the ratio of secondary market turnover to the total outstanding stock of Government Treasury securities increased significantly to 41.0 percent in 2017 from 28.9% in 2016.
“I would like to applaud the contribution of all the commercial banks towards this marked improvement in the development of the Government securities market. And, particularly, I wish to acknowledge the role that this year’s award winner has played especially for participating in the primary auctions, market making capabilities, consistent pricing as well as timely market intelligence,
