BDO Leasing and Finance, Inc. (BDO Leasing), a wholly owned subsidiary of BDO Unibank Inc. (BDO), ended the first half with a net income of P250.8 million, up by 23 percent year on year.

The growth was on the back of the 26 percent increase in lease and loan portfolio to P21.6 billion as BDOLF continued to provide custom made solutions to meet the requirements for both retail and corporate customers.

The Company will continue to focus on growth areas and utilize its extensive network to maintain its position as a leading provider of leasing and financing services.

About BDO Leasing

BDO Leasing and Finance Inc., a subsidiary of BDO Unibank, is the leasing and financing entity which provides its customers direct leases, real estate leases, sale and leaseback arrangements and operating leases through its wholly owned subsidiary BDO Rental Incorporated. It has an established track record of service and innovation, such as factoring of receivables, and is a recognized leader in the market it serves as reflected by its continuously growing client base. Capitalizing on the parent company’s extensive market reach, the Company continued to be among the industry’s dominant players in terms of total assets, capitalization and profitability.