BDO Leasing and Finance Inc. (BDO Leasing), a subsidiary of BDO Unibank Inc. (BDO), reported a 20-percent growth in net income to P504 million in 2014.
The performance was driven by the increase in lease and loan portfolio to P24 billion, leveraging on its parent company’s extensive market reach.
BDO Leasing will continue to market its products, especially through its branches. It will also use the extensive branch network of BDO Unibank to boost referrals and increase business volumes.
“We will aggressively tap the existing corporate accounts of the BDO institutional banking group for possible lease requirements,” it said. Going forward, the company will focus on growth areas to maintain its position as a leading provider of leasing and financing services.
BDO Leasing is among the industry’s dominant players in terms of total assets, capitalization and profitability.
“We will continue to develop our sources of funds to match our assets growth and help manage our funding costs,” the company said. The company is currently applying for an additional P10 billion short-term commercial paper license with the Securities and Exchange Commission.
BDO Leasing will continue to pursue process improvements to improve its services to various stakeholders.
Genivi Factao