The Bureau of Treasury recognized Security Bank as a Market Maker for 2023 under the enhanced Government Securities Eligible Dealers program.
The recognition is given in line with the Bank's continued efforts to support the national government in promoting the development of domestic capital markets.
The GSED program was launched in 2017 to promote the depth and liquidity of the Government Securities markets, specifically by enhancing the performance of the GS Primary Market and increasing the liquidity of the GS Secondary Market. The program also aims to assist BTr in its initiatives to develop Philippine capital markets.
Status retained
"We're pleased to retain our Market Maker status for 2023 as it allows us to play a major role in BTr's fund-raising efforts. Security Bank will continue developing the GS Primary and Secondary Markets together with other Market Makers," Andre Ibarra, SVP and Treasurer at Security Bank, said.
Annually, the BTr determines who will be Market Makers under the GSED program. Those who are named Market Makers are considered by the BTr as having sufficient capacity and commitment to developing the GS Primary and Secondary Markets.