Performance Evaluation of Primary Dealers for 2023
The Ministry of Finance publishes the Performance Evaluation of Primary Dealers in Czech Government Securities for 2023. The results of the evaluation of primary dealers will also be part of the Czech Republic Government Debt Management Annual Report for 2023, which will be published on 29 February 2024 in accordance with the calendar of published information.
The methodology for the performance evaluation of primary dealers is defined in Annex I of the Primary Dealer Agreement for Czech Government Securities and is described in detail in the Czech Republic Government Debt Management Annual Report in Annex I. It specifies the rights and obligations of individual members of the primary dealer group in accordance with best international practice and thus provides an institutional framework for the cooperation of the Ministry of Finance with financial institutions in the financing of the state and state debt management. The activity of the primary dealers is evaluated quarterly for four consecutive evaluated quarters.
All nine primary dealers were evaluated. Their current list is available on the website of the Ministry of Finance here, and in accordance with Article 6.6 of the Primary Dealer Agreement for Czech Government Securities, a list of the first five top-ranking primary dealers is always published.
| Ranking | Primary Dealer | Points |
|---|---|---|
| 1st | KBC Bank NV / Československá obchodní banka, a. s. | 73.3 |
| 2nd | PPF banka a.s. | 65.0 |
| 3rd | Société Générale / Komerční banka, a.s. | 52.3 |
| 4th | J. P. Morgan SE | 43.6 |
| 5th | Erste Group Bank AG / Česká spořitelna, a.s. | 41.4 |
Note: Maximum possible number of points in overall evaluation is 100.
| Ranking | Primary Dealer | Points |
|---|---|---|
| 1st | PPF banka a.s. | 39.5 |
| 2nd | KBC Bank NV / Československá obchodní banka, a. s. | 38.0 |
| 3rd | Société Générale / Komerční banka, a.s. | 26.7 |
| 4th | Erste Group Bank AG / Česká spořitelna, a.s. | 23.3 |
| 5th | Raiffeisen Bank International AG / Raiffeisenbank a.s. | 22.5 |
Note: Maximum possible number of points in overall evaluation is 55.
| Ranking | Primary Dealer | Points |
|---|---|---|
| 1st | KBC Bank NV / Československá obchodní banka, a. s. | 35.4 |
| 2nd | J. P. Morgan SE | 32.2 |
| 3rd | Société Générale / Komerční banka, a.s. | 25.6 |
| 4th | PPF banka a.s. | 25.5 |
| 5th | UniCredit Bank AG / | 19.2 |
| UniCredit Bank Czech Republic and Slovakia, a.s. |
Note: Maximum possible number of points in overall evaluation is 45.
The results of the performance evaluation of primary dealers at the end of the first, second and third quarters of the year will continue to be published in the Debt Portfolio Management Quarterly Report for the relevant period.