MANILA - Metrobank has been honored as the leading Government Securities Eligible Dealer (GSED) market maker for the year 2024, marking its third consecutive accolade for its significant contributions to the Philippines' government financing needs. The recognition was part of the Bureau of the Treasury’s (BTr) anniversary celebration today.
The bank's exceptional performance in supporting government financing requirements was celebrated at the BTr's 126th anniversary event. Fernand Antonio Tansingco, a representative from Metrobank, acknowledged the challenges faced by the market, including persistent volatility. He emphasized the bank's commitment to enhancing bond market participation and liquidity, as well as reducing transaction costs for investors.
Metrobank's consistent recognition as a top GSED market maker reflects its active role and performance in auction participation, which is crucial for the BTr’s efforts in capital market development. The GSED program, a set of reforms introduced in 2018, mandates specific obligations and privileges for market makers to deepen market depth and improve liquidity. These institutions are evaluated annually based on their contributions to these objectives.
Alongside Metrobank, nine other financial entities were also acknowledged for their roles in strengthening the sector. The accolades reflect the broader efforts within the Philippine financial industry to maintain an active and healthy market environment despite fluctuating interest rates.
The BTr and National Treasury have both recognized Metrobank's pivotal role in aiding government financing and creating better investment opportunities within the country. This continued success underscores Metrobank’s strategic initiatives to foster a robust and efficient bond market in the Philippines.
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