RCBC Trust sees AUMs breaching P200 billion

THE TRUST ARM of Rizal Commercial Banking Corp. (RCBC) expeets its assets under management (AUM) to surpass P200 billion this year.

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“We’re moving towards P200 billion. So, I guess we are on track to achieve that...Profitability targets are also important, but bottom line, we do see ourselves reaching and exceeding the P200-billion mark for this year,” RCBC Trust Corp. President and Chief Executive Officer Robert B. Ramos told Business World on the sidelines of an event last month. The standalone trust company’s AUMs rose by 14% year on year to P186.06 billion as of end-March. However, this was down from the P194.77 billion booked at end-2024.

Mr. Ramos said that RCBC Trust’s clients are looking at investing locally, specifically in government securities with tenors ranging from two to seven years to lock in still-high yields amid expectations that borrowing costs will ease further.

“That’s what a lot of clients are doing — taking advantage of the higher interest rates and maximizing them with the short-term viewpoint that interest rates are on the way down.”