BDO Leasing posts P570m in net profit

BDO Leasing and Finance Inc. registered a net income of P570 million in 2017, marking a steady performance versus year-ago. 

Gross revenues rose 11 percent to P3.2 billion, with gross lease and loan portfolio climbing 9 percent to P34.3 billion. 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 year-on-year.

The company said it would continue to leverage on its parent Company’s extensive market reach and intensify its provincial thrust to tap fast-growing and rapidly urbanizing areas outside Metro-Manila.