BDO Leasing Profits Up 12.3% to PhP282M in 1H2016

Mandaluyong—(PHStocks)—BDO Leasing and Finance Inc. (PSE: BLFI) delivered a 12% increase in net income to PhP282 million in the first six months of 2016.

The company grew its loan and lease portfolio by 13% to PhP28 billion, leading to a 14% growth in gross revenues to PhP1.4 billion. BDO Leasing continues to strengthen its presence in key areas and penetrate new markets by leveraging on its Parent Company’s extensive market reach to gain access to middle-market and consumer lending accounts.

The company is set to launch in September this year the MMPC Auto Financial Services Corp., its joint venture with Mitsubishi Motors Philippines Corp., Sojitz Corp. and JACCS Co. Ltd, which will allow it to serve more clients by extending financing to individual and corporate buyers of Mitsubishi Motors vehicles.

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