BDO Leasing Nets PhP251M in 1H 2015

Quezon City—(PHStocks)—BDO Leasing & Finance Inc. (PSE: BLFI) posted a net income of PhP251 million in the first six months of the year.

The company grew its loan and lease portfolio by 16 percent to PhP26 billion on intensified marketing efforts and as BDOLF continued to leverage on its parent company’s extensive market reach to gain access to middle-market and consumer lending accounts.

Gross revenues went up to PhP1.2 billion, representing an 11 percent increase from year-ago. However, declining asset yields due to competitive pressures negated the volume growth.

For the medium term, the company will continue to tap more businesses in key provinces with focus on growth areas to maintain its position as a leading provider of leasing and financing services.