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.
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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.
