BDO Leasing and Finance Inc. posted a net income of P570 million in 2017, marking a steady performance versus year-ago.
BDO Leasing vice chairman and president Roberto Lapid reported during the annual stockholders’ meeting Friday that gross revenues rose 11 per cent to P3.2 billion, with gross lease and loan portfolio up by nine percent to P34.5 billion.
Higher funding and operating costs, however, tempered the bottom line performance.
BDO Leasing plans to leverage on the parent company’s extensive market reach, strengthen its provincial presence to penetrate untapped markets and support the growth sectors in the economy.
The company paid cash dividends of P0.10 per share, or a total of P216.2 million, to stockholders on March 27, 2018.
BDO Leasing is the leasing and financing unit of BDO Unibank Inc.