Robinsons Bank trust assets up 300%

The trust and investment group of Robinsons Bank, a wholly owned subsidiary of the JG Summit Group, has reported a 300-percent growth in assets held in trust (AHIT) amounting to P400 million after just one year in operation.

Its RBank Blue Peso Fixed Income unit investment trust fund (UITF) consistently landed among the top three of the Medium Term UITF Bond Peso Funds in terms of year-to-date returns, where it achieved a return of investment (ROI) of 8.3 percent over a one-year period.

In addition to its UITFs, the trust group also offers a complete array of trust services such as individual and institutional trusts, mortgage trust indentures, investment management services, escrows and other agencies.

In a statement, Robinsons Bank assistant vice president Rene Betita said that the growth could be attributed to its branch network marketing campaigns, prudent investment management and client-focused wealth management approach in generating more funds from its individual and corporate client portfolio.

Betita said the bank’s UITF increase reflects the group’s consistent performance in the market which substantiates the bank’s marketing campaigns since its initiation one year ago.

Robinsons Bank’s UITF serves as its response to the market’s increasing demand for an alternative in investing their funds with higher income return via pooling of funds.