BDO Leasing and Finance, Inc. (BDO Leasing) posted a 10% increase in net income to P556 million in 2015.
The company’s strong performance was driven by the 16 per cent increase in net lease and loan portfolio to P27 billion as BDOLF strengthened its marketing efforts and leveraged on its Parent Company’s extensive market reach.
This resulted in gross revenues growing by 15% to P2.6 billion.
Going forward, the company said it will continue to intensify its provincial thrust and tap opportunities in growth areas.
The Company also seeks to take advantage of the sustained growth in vehicle sales through its joint venture with Mitsubishi Motors Philippines (MMPC), Sojitz Corporation and JACCS Co. Ltd.
BDO Leasing – One of Country’s Top Providers of Leasing, Financing Services
These should enable BDO Leasing to maintain its position as one of the country’s leading providers of leasing and financing services, the company said.
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The Company likewise declared cash dividends of P0.20 per common share, for a total dividend payout of P432 million. This represents a dividend payout ratio of 78%.
The record and payment dates have been set for March 11 and March 30, 2016 respectively.
BDO Leasing and Finance Inc. is the leasing and financing subsidiary of BDO Unibank,
Inc. (BDO), which provides its customers direct leases, real estate leases, sale and leaseback arrangements as well as receivables factoring.
It also provides operating leases through its wholly owned subsidiary BDO Rental Incorporated. BDO Leasing and Finance is among the country’s dominant players in terms of total assets, capitalization and profitability. – BusinessNewsAsia.com