Close Menu
  • Home
  • Celebrity Gossip
  • Entertainment News
  • Featured
  • Photo News
  • Advertise with Us
  • About Us
  • Privacy Policy
Facebook X (Twitter) Instagram YouTube WhatsApp
Facebook X (Twitter) Instagram YouTube WhatsApp TikTok
BigEye.UG
Subscribe
  • HOME
  • CELEBRITY GOSSIP
  • ENTERTAINMENT
  • PHOTO NEWS
  • VIDEO NEWS
  • MONEY
    • Money
    • Features
BigEye.UG
Home»BigEye Money»Local Business»Stanbic Bank recognised as best performing primary dealer for 2017
Local Business

Stanbic Bank recognised as best performing primary dealer for 2017

BigEyeUg3By BigEyeUg3April 19, 2018
Share
Facebook Twitter Telegram WhatsApp
Patrick Mweheire, Chief Executive of Stanbic bank receives award of recognition for the best performing commercial bank trading in the Government securities from Governor Bank of Uganda, Emmanuel Mutebile.
Patrick Mweheire, Chief Executive of Stanbic bank receives award of recognition for the best performing commercial bank trading in the Government securities from Governor Bank of Uganda, Emmanuel Mutebile.

For the 7th consecutive year, Stanbic Bank Uganda has been recognised by Bank of Uganda as the best performing commercial bank trading in the Government securities. (Treasury Bills and Bonds)

The award honours financial institutions that promote participation in trading in government securities in a bid to foster the development of financial markets and improve the secondary market trading system.

Accepting the award on behalf of the bank, Stanbic Bank CE Patrick Mweheire said, “As the most active participant in the secondary trading market Stanbic bank plays a critical role supporting Uganda’s economic growth and national developmental agenda. Last year alone Stanbic bank accounted for 30% of the 5.1 trillion shillings in Government securities traded on the secondary market.”

He also noted that the bulk of these funds are used to finance construction of much needed national infrastructure projects so vital for trade and economic transformation.

Handing over the award at BOU headquarters in Kampala, the Governor BOU Emmanuel Mutebile said, “I wish to acknowledge the role that this year’s award winner Stanbic Bank Uganda Ltd has played especially for participating in the primary auctions, market making capabilities, consistent pricing as well as timely market intelligence. Because of their effort, they have been able to ensure efficiency in the operations related to the Government securities market at the central bank.”

The 5.1 Trillion in turnover of Government securities in 2017 represented a 29% increase from 2016. In the same vein, the ratio of secondary market turnover to the total outstanding stock of Government Treasury securities increased significantly to 41.0% in 2017 from 28.9% in 2016.

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.

Related

Stanbic Bank news
Share. Facebook Twitter WhatsApp Email
Previous ArticleCoca-Cola, Mercy Corps celebrate “Youth Empowered for Success” initiative in Uganda.
Next Article Huawei exposes Ugandan students to high-end tech

Related Articles

Coca-Cola Beverages Uganda supports people with disabilities to grow their businesses

A Conversation with Ian Ortega, The Man Who Wants to Turn Every Ugandan Into a Strategist

Equity Bank Crowned Best Regional Bank in East Africa At The African Banker Awards 2025

Equity Group Holds 21st Annual General Meeting

Equity Bank Set to Open in UAE

How Mogo Uganda is bridging the EV Ecosystem Access Gap

Latest News

DJ AG Excited to Spin Joshua Baraka’s “Wrong Places” Dub Plate at King’s Cross, London

July 30, 2025

Bebe Cool’s ‘Break The Chain’ Album Surpasses 820K Streams on Spotify

July 30, 2025

Eddy Kenzo Responds to Promoters’ Ban: “I’ll Organize Myself If They Don’t Want To”

July 30, 2025

Sheebah intends to Sets Sight on International Market After Concert

July 30, 2025

Music Promoters Ban Eddy Kenzo Over UGX 33 Billion Funding Dispute

July 30, 2025
Follow Us
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • TikTok
  • WhatsApp
BigEye.UG
Facebook X (Twitter) Instagram YouTube WhatsApp TikTok
  • Sitemap
  • Privacy Policy
  • Contact Us
© 2025 BigEye.UG | All Rights Reserved

Type above and press Enter to search. Press Esc to cancel.