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Friday, March 29, 2024

Assets managed by BPI exceed P1T

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Bank of the Philippine Islands, the third-largest lender in terms of assets, said Friday assets under its management reached P1 trillion as more Filipinos seek out investment opportunities amid the COVID-19 pandemic.

BPI said it exceeded the P1-trillion milestone by mid-November this year with a 14-percent year-to-date growth in combined AUM for BPI Asset Management and Trust Corp. with P832 billion and for BPI Investment Management Inc. with P190 billion.

BPI chief finance officer Maria Theresa Marcial said several factors contributed to this growth. “We were able to grow our AUM in the trust and investment management businesses both organically and through new accounts and fund management acquisitions. We are grateful for the trust that the investing public has put in BPI, and in our fund management arms, BPI AMTC and BIMI,” she said.

“In return, our clients have our assurance that we will continue to provide them with excellent financial services that have stood the test of time and trials such as the ongoing pandemic,” she said.

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