Connect with us

Business and Economy

BDO leasing and finance unit net income up 2.5% in ‘16

Published

on

The leasing and finance subsidiary of the Sy-led BDO Unibank Inc. registered a 2.5 percent hike in net income in 2016 on higher domestic demand. (Photo: BDO Unibank/Facebook)

The leasing and finance subsidiary of the Sy-led BDO Unibank Inc. registered a 2.5 percent hike in net income in 2016 on higher domestic demand. (Photo: BDO Unibank/Facebook)

MANILA—The leasing and finance subsidiary of the Sy-led BDO Unibank Inc. registered a 2.5 percent hike in net income in 2016 on higher domestic demand.

In a statement, BDO Leasing and Finance, Inc. (BDO Leasing) said gross revenues rose 10 percent last year to PHP2.9 billion.

It attributed this growth mainly to the 14 percent expansion of the net lease and loan portfolio to PHP31 billion.

”The company will continue to leverage on its parent company’s wide market reach and boost marketing efforts in emerging growth areas and key provinces to sustain its growth momentum and keep its position as one of the leading providers of leasing and financing services,” it added.

This BDO subsidiary offers direct leases, real estate leases, sale and leaseback arrangements and receivables factoring.

It has its own subsidiary, BRO Rental Inc., which offers operating lease.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle9 hours ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle1 month ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle2 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver3 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver3 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver3 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver4 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...

Maria in Vancouver5 months ago

My Love Affair With Pearls

On March 18, 2023, my article, The Power of Pearls was published. In that article, I wrote about the history...

Maria in Vancouver5 months ago

7 Creative Ways to Propose!

Sometime in April 2022, my significant other gave me a heads up: he will be proposing to me on May...

Maria in Vancouver6 months ago

Why Eating Healthy Matters

We are what we eat, so don’t be fast, cheap, easy, or fake — we should take these words to...