BDO Leasing and Finance Inc. posted P43.6-million profit in 2021, derived mainly from fair value gain from investments in Unit Trust Investment Funds.
The 2021 results were higher compared to P5.8-million earnings a year-ago, following the restructuring of BDO Unibank Group’s leasing business.
BLFI ceased to operate as a leasing company and completed the assignment and transfer of its leasing and financing business to affiliate BDO Finance Corp. on October 19, 2020.
BDO Finance was established to offer customers continued access to lease products and services, and also assumed the lease transactions booked in BFLI to ensure continuity to the latter’s existing clients.
BLFI used to be the leasing and financing entity of BDO. Following the company’s restructuring in 2020, BLFI’s assets were transferred to other entities of the parent bank, leaving BLFI as a listed holding company of BDO.