Corporate Profile

Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc. or BLFI) is a subsidiary of BDO Unibank Inc., whose primary purpose is to hold/own real estate properties, securities/shares of stocks, and other assets of other companies, and engage in investment and business activities involving these assets.

The change in corporate name from BDO Leasing and Finance, Inc. to Dominion Holdings, Inc. and the amendment of its Articles of Incorporation and By-Laws were approved by the Securities and Exchange Commission (SEC) on July 18, 2022, and are in line with the strategic direction of its principal shareholder, BDO Unibank, Inc. (BDO), to convert BLFI into a Holding Company. As an investment holding company, Dominion Holdings, Inc. will have more flexibility in pursuing business opportunities which will enhance shareholder value for all shareholders.

Prior to this, BLFI had already ceased to operate as a leasing and financing company and completed the assignment  and transfer of its leasing and financing business to an affiliate, BDO Finance Corporation, on October 19, 2020. BDO Finance was established to offer customers continued access to lease products and services, and likewise, assumed the lease transactions booked in BLFI to ensure continuity of service to the latter’s existing clients. On July 5, 2022, BLFI filed with the SEC a letter surrendering its Certificate of Authority to operate as a financing company.

Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc. or BLFI) is a subsidiary of BDO Unibank Inc., whose primary purpose is to hold/own real estate properties, securities/shares of stocks, and other assets of other companies, and engage in investment and business activities involving these assets.

The change in corporate name from BDO Leasing and Finance, Inc. to Dominion Holdings, Inc. and the amendment of its Articles of Incorporation and By-Laws were approved by the Securities and Exchange Commission (SEC) on July 18, 2022, and are in line with the strategic direction of its principal shareholder, BDO Unibank, Inc. (BDO), to convert BLFI into a Holding Company. As an investment holding company, Dominion Holdings, Inc. will have more flexibility in pursuing business opportunities which will enhance shareholder value for all shareholders.

Prior to this, BLFI had already ceased to operate as a leasing and financing company and completed the assignment  and transfer of its leasing and financing business to an affiliate, BDO Finance Corporation, on October 19, 2020. BDO Finance was established to offer customers continued access to lease products and services, and likewise, assumed the lease transactions booked in BLFI to ensure continuity of service to the latter’s existing clients. On July 5, 2022, BLFI filed with the SEC a letter surrendering its Certificate of Authority to operate as a financing company.

Corporate Mission

We are in business for our shareholders, our employees and our other stakeholders.

We shall pursue investments that are sustainable, promote economic growth, social welfare, are environmentallyfriendly and that maximize shareholder value.

We shall aim for consistently high returns for our shareholders.

We shall recognize and reward excellence in our employees and provide a work environment conducive to maximizing their potential and building a cohesive team.

We shall actively fulfill our social responsibility.

Corporate Vision

As a holding company under the BDO Group, we shall invest in value-generating businesses which promote sustainability, economic growth and improve the lives of Filipinos. 

Our team shall be composed of upright professionals focused on contributing to the growth of the nation and the communities we serve and on securing investments that are aligned with our mission and our values.

Core Values

The Company’s corporate governance practices are anchored on our core values which guide us in our decisions, interactions, and relationships with our shareholders and other stakeholders. These are as follows:

Commitment to a Dynamic and Efficient Organization We are committed to creating an organization that is flexible, responds to change, and encourages innovation and creativity. We are committed to the process of continuous improvement in everything we do.
Commitment to Employees We are committed to our employees’ growth and development and we will nurture them in an environment where excellence, integrity, teamwork, professionalism, and performance are valued above all else.
Commitment to Shareholders We are committed to providing our shareholders with superior returns over the long term.

As of February 01, 2024

Elmer B. Serrano
Chairperson

John Emmanuel M. Lizares
President

Jerome C. Guevarra
Director

Geneva T. Gloria
Director

Luis S. Reyes, Jr.
Director

Melanie S. Belen
Director

Rebecca S. Torres
Director

Atty. Luis Ma. G. Uranza
Independent Director

Ismael G. Estela, Jr.
Independent Director

John Emmanuel M. Lizares
President

Atty. Joseph Jason M. Natividad
Corporate Secretary

Atty. Ma. Cecilia S. Santos
Assistant Corporate Secretary

Luis S. Reyes, Jr.
Treasurer

Cosme S. Trinidad, Jr.
Chief Risk and Compliance Officer

Group Map as of December 31, 2023


Group Map as of December 31, 2022


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Amended Articles of Incorporation – Dominion Holdings Inc.


Amended By-Laws - Dominion Holdings Inc.


Amended By-Laws


Articles of Incorporation


Amended Articles of Incorporation (Article III)


Amended Articles of Incorporation (Article III - Change of principal address)


2020 Highlights


2019 Highlights


2018 Highlights


2017 Highlights


2016 Highlights


2015 Highlights


2014 Highlights


2013 Highlights


2012 Highlights


2010 Highlights


2009 Highlights


2008 Highlights


2018 Report from the Chairperson and President


2017 Report from the Chairperson and President


2016 Report from the Chairperson and President


2015 Report from the Chairperson and President


2014 Report from the Chairperson and President


2013 Report from the Chairperson and President


2012 Report from the Chairperson and President


2010 Report from the Chairperson and President


2009 Report form the Chairperson and President


2008 Report form the Chairperson and President



Frequently Asked Questions


Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc.) was once again recognized for its good corporate governance, receiving another ASEAN Corporate Governance Scorecard (ACGS) 1-Golden Arrow award from the Institute of Corporate Directors (ICD) during the recognition ceremonies held at Manila Marriott Hotel on September 19, 2024. This award is for its 2023 corporate governance practices, based on the ACGS assessment results.


Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc.) received a 1-Golden Arrow award from the Institute of Corporate Directors (ICD) during the 2023 ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Recognition ceremonies held at Okada Manila Hotel in Pasay City last September 28, 2023. This award is for its 2022 corporate governance practices based on the ACGS Scorecard.


BDO Leasing and Finance, Inc. was granted 2-Golden Arrows recognition by the Institute of Corporate Directors (ICD) in recognition of its strong corporate governance practices in 2018 based on its scores in the Asean Corporate Governance Scorecard (ACGS). BDOLF was also named among the Top 5 Philippine PLCs in the Financial Sector, along with BDO Unibank, BPI, China Banking Corporation and Metrobank.

The Golden Arrow recognition is awarded to publicly listed companies (PLCs) in the country with good corporate governance performance for the preceding year.


BDO Leasing and Finance, Inc. (BDOLF), the leasing and finance arm of the BDO Group, with 15B Commercial Paper was assigned an issuer credit rating of PRS Aa (corp.) by Philippine Rating Services Corporation (PhilRatings).  BDOLF, a subsidiary of BDO Unibank, Inc. (BDO), is a non-bank financial institution mainly engaged in servicing the leasing and/or financing requirements of individual consumers and commercial clients.

A company rated PRS Aa (corp.) differs from the highest-rated corporates only to a small degree, and has a strong capacity to meet its financial commitments relative to that of other Philippine corporates.

The assigned issuer rating considers BDOLF’s strong brand recognition due to the company’s close strategic relationship with its Parent Bank; its continued asset expansion supported by increasing leverage; expectations of compressed margins and returns amid sustained revenue growth; and the favorable outlook for the leasing and financing industry due to continued domestic economic growth.


BDO Leasing and Finance, Inc. (BDOLF), the leasing and finance arm of the BDO Group, with 25B Commercial Paper was assigned an issuer credit rating of PRS Aa (corp.) by Philippine Rating Services Corporation (PhilRatings).  BDOLF, a subsidiary of BDO Unibank, Inc. (BDO), is a non-bank financial institution mainly engaged in servicing the leasing and/or financing requirements of individual consumers and commercial clients.

A company rated PRS Aa (corp.) differs from the highest-rated corporates only to a small degree, and has a strong capacity to meet its financial commitments relative to that of other Philippine corporates.  

The assigned issuer rating considers BDOLF’s strong brand recognition due to the company’s close strategic relationship with its Parent Bank; its continued asset expansion supported by increasing leverage; expectations of compressed margins and returns amid sustained revenue growth; and the favorable economic and industry outlook.

BDOLF is recognized as one of the leading players in the commercial leasing industry, directly competing with other financing companies affiliated with top Philippine banks and other financial services firms. BDOLF has largely benefited from the BDO Group’s extensive market reach and well-established presence throughout the country, in terms of marketing referrals, as well as the strong franchise of the Group.


Philratings assigned a PRS 2 rating to BDO Leasing and Finance, Inc.'s P25.0 Billion Short-Term Commercial Paper. The rating considers BDOLF’s close strategic relationship with its strong Parent Company; its experienced management and the favorable outlook for the leasing and finance industry due to continued domestic economic growth.  These rating factors are counterbalanced by BDOLF’s increasing leverage, with debt as the main source for the company’s continued expansion and expectations of tempered company profitability over the short-term.


Philratings assigned a PRS 2 rating to BDO Leasing and Finance, Inc.'s P10.0 Billion Short-Term Commercial Paper. The rating reflects the following key considerations: a) BDO Leasing’s favorable market position in a competitive environment; b) Synergies between BDO Leasing and parent company, Banco De Oro Unibank (BDO) which supports growth; c) BDO Leasing’s solid business performance and ability to meet targets; and d) its improving asset quality measures and well diversified asset portfolio. The rating also considers the likelihood that the Philippine economy will remain vibrant, thus providing opportunities for the leasing and financing industry.


2013

Philratings assigned a PRS 2 rating to BDO Leasing and Finance, Inc's (BDOLF) P15.0 billion in Short Term Commercial Papers.

The ratings considers BDOLF's solid market position and business synergy with its parent company,Banco de Oro Unibank, Inc.(BDO); its expanding loan portfolio which offsets margin compression;improved asset quality; and sufficient capitalization.

2012
Philratings assigned a PRS 2 minus rating to BDO Leasing and Finance, Inc's (BDOLF) P15.0 billion in Short Term Commercial Papers. The ratings considers BDOLF's solid market position and business synergy with its parent company, Banco de Oro Unibank, Inc.(BDO); its expanding loan portfolio which offsets margin compression; improved asset quality; and sufficient capitalization.

2011
BDO Leasing was approved by the SEC to increase its Short Term Commercial Papers (STCPs) license to P15.0 billion from P12.0 billio. Philratings assigned a PRS 2 minus rating to BDO Leasing and Finance, Inc.'s (BDOLF) P15.0 billion in proposed STCPs. The rating is defined as above average (strong) capability for payment of commercial paper issue on both interest and principal. The rating considers BDOLF's solid market position and business synergy with its parent company, Banco de Oro Unibank, Inc.(BDO); its strengthening and expanding loan portfolio which offsets margin compression; improved asset quality; and sufficient capitalization.

2010
BDO Leasing was approved by the SEC to increase its Short-Term Commercial Papers (STCPs) license to P12.0 billion from P8.0 billion. The Philratings has assigned an issue rating of PRS 2 minus to BDO Leasing's P12.0 billion STCPs. The rating considers BDOLF's solid market position and business synergy with parent company, Banco de Oro Unibank, Inc.(BDO), sufficient capitalization; benign inflationary pressure which limits interest risks; tempered profitability with margin compression and improved asset quality.

2009
Philratings assigned a PRS 2 minus rating to BDO Leasing's proposed P8.0 billion Short-Term Commercial Papers (STCPs). The rating means that BDO Leasing has above average (strong) capability of payment of the commercial paper on both interest and principal. The rating reflects BDO Leasing's solid market position, sound capitalization, continuing benefits from its synergy with parent company Banco De Oro Unibank (BDO), relatively positive industry prospects, moderated profitability, as well as asset management and quality challenges.

2008
Philratings assigned a PRS 2 Plus rating to BDO Leasing's proposed P4 Billion short-term commercial papers (STCPs). The rating means BDO Leasing has above average (strong) capability for payment of the commercial paper issue on both interest and principal. This reflects BDO Leasing's solid market position, sound capitalization, synergies with its parent company (Banco De Oro Unibank, Inc.), and sustained albeit tempered profitability.

2006
BDO Leasing was approved by the SEC to increase its Short -Term Commercial Papers (STCP) license to P2.0Billion from P1.25Billion. The Philippine Ratings Services Corp. (Philratings) maintained a "Best Grade" rating of PRS1 for this STCP issuance. This represents the strongest capability for timely payment of both principal and interest. The continuous high rating awarded both by the Securities and Exchange Commission (SEC) and Philratings is an affirmation of the consistency in the way BDO Leasing managed its business even through challenging times. It is also an expression of confidence in the company's commitment in fulfilling its long-term vision and aspirations.

2005
BDO Leasing was cited by the BSP's Anti-Money Laundering Council (AMLC) for being compliant in its reportorial requirements since its inception in March 2003.

2004
BDO Leasing received a PRS 1 credit rating from Philippine Rating Services Corp (philratings) for its proposed P5 Million short-term commercial paper. This rating represents the "Best Grade" and the strongest capability for the timely payment of the STCP issue for both principal and interest.

1997
BDO Leasing earned a Polaris Award by Credit Information Bureau, Inc. (CIBI) for having consistently obtained a high credit rating for its Short-term Commercial Paper (STCP) issuance annually since 1985.

1994
BDO Leasing became the country's largest financing industry as Gross Income expanded to P592Million with Net Income at P142 Million, Equity at P479Million and Total assets placed at P2.5Billion.

The company was adjudged as the "Most Outstanding Newly Accredited Financial Institution" by the Guarantee Fund for Small and Medium Enterprise (GFSME)

Contact us

BDO Corporate Center

Dominion Holdings Head Office:

39th Floor, BDO Corporate Center Ortigas, 12 ADB Avenue, Ortigas Center, Mandaluyong City

BDO Corporate Center

(+632) 8840-7000

(+632) 8688-1228 local no. 45410