Union Bank Plc received an award for Largest Commercial Paper Deposit in the Primary Market Price Category at the just concluded FMDQ GOLD Awards.
This is a prize awarded to the issuer with the highest total value of commercial paper admitted to the FMDQ depositary during the year in view.
Union Bank received the award for its 100 billion naira business program broadcast on FMDQ.
The GOLD Awards ceremony, underlined by the principles of the FMDQ’s “GOLD” program (global competitiveness, operational excellence, liquidity and diversity), is designed to recognize excellence, quality of service, dedication, innovation and the dynamism of the Nigerian fixed income market.
Commenting on the recognition, Union Bank Managing Director Emeka Okonkwo said the award was indicative of the confidence the investment community has shown in the re-energized Union Bank brand.
“We are honored to receive this award from the FMDQ, which testifies to our contribution to the acceleration of the financial markets and the economy. We recognize and appreciate the support of the investment community and assure our stakeholders of our unwavering commitment to execute our long-term growth strategy, ”said Okonkwo.