EPCIB gets BTr award

Equitable PCI Bank has been cited by the Bureau of Treasury (BTr) recently as the second best performing government securities eligible dealers (GSEDs) in the secondary markets covering the periods October 2004 to September 2005, and one of the top 10 best performing GSED both in the primary and secondary markets for the same period.

Equitable PCI Bank, with consolidated assets of P327.1 billion, consistently ranks among top dealers every year.

"This is definitely a testament to the bank’s winning strategy and performance, coming after the heels of our award as best domestic bank from the Asset Triple A Awards," Equitable president and chief executive officer Rene J. Buenaventura, said in a statement.

As a GSED, EPCI Bank supports the National Government in its revenue generating activities by being active in both primary and secondary markets for treasuries.

Through the Domestic Fixed Income Division and Treasury Marketing Division of its Treasury Group and the Retail Banking Group, the bank participates in the weekly auctions and sells and distributes the securities to both its corporate and retail clients.

Debt securities issuances in the Philippines are dominated by the National Government and government-owned and controlled corporations (GOCCs).

In recent years, EPCI Bank has been helping in a major push by both public and private sectors to deepen the domestic market by broadening the investor base, granting more licenses for primary dealers, developing new debt instruments for retail investors, and building an integrated financial market infrastructure that promotes transparency, professionalism, and compliant with global standards of best practices.