BDO Leasing hikes loan portfolio

MANILA, Philippines - BDO Leasing and Finance Corp. (BDOLF) expanded its leasing and loan portfolio 22 percent to P14 billion in 2011. Total assets ballooned to P18 billion while net profit reached P304 million. The subsidiary of BDO Unibank Inc. expects the economic activity to be spurred by the strong demand for capital expenditure from the transportation, construction, mining, energy, logistics and healthcare industries. “The progress of these core sectors would drive the need for leasing of equipment. We also look forward to the implementation of the government’s infrastructure projects from which our existing clients are already experiencing a boost in business,” Georgiana A. Gamboa, BDOLF president, said. BDOLF is primarily engaged in asset-based financing which includes finance and operating leases (both under direct or sale and leaseback arrangements), amortized commercial loans, installment paper purchase, floor stock financing and factoring of receivables.