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AMID the difficult economic environment, Metropolitan Bank &
Trust Co. said it is offering a wealth management service to handle
clients’ personal investments.
In a statement, Josefina Sulit, Metrobank
executive vice president and trust banking group head, said the
lender is offering its Metrobank Exclusive, which aims to provide
clients advice on how to handle their personal investments.
“With today’s sophisticated markets,
investors are faced with a multitude of investment choices, whether
local or global. Along with more investment options provides the
need for a higher level of service with thorough knowledge of the
investment landscape,” Sulit said.
For the past five years, she said the
bank’s wealth management clients have earned an above-market
average return of 8 percent to 10 percent per annum net for peso
investments and 6 percent to 8 percent per annum net for US dollar
investments.
Metrobank had consolidated assets of
P677.96 billion at end-March this year.
Its trust banking group reported a 30-percent
growth in assets under management of P143 billion last year.
-- Maricel E. Burgonio
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