BDO LEASING NETS P570 MILLION IN 2017

BDO Leasing and Finance, Inc. (BDO Leasing) registered a net income of P570 million in 2017, marking a steady performance versus the previous year. Gross revenues went up by 11 percent to P3.2 billion, with gross lease and loan portfolio rising by nine percent to P34.3 billion. However, higher funding and operating costs tempered bottom line performance. BDO Leasing ended last year with an asset base of P42.8 billion, an increase of 10 percent. Moving forward, the company will continue to leverage on its parent company’s market reach and intensify its provincial thrust to tap fast-growing and rapidly urbanizing areas outside Metro Manila. /