BDO Leasing’s profits rise 650%

BDO Leasing and Finance, Inc. (BLFI) posted P43.6 million profit in 2021 derived mainly from fair value gain from investments in Unit Trust Investment Funds (UITFs).

In a disclosure to the Philippine Stock Exchange, the firm said its 2021 results were higher compared to P5.8 million earnings from a year-ago, following the restructuring of BDO Unibank Group’s leasing business.

BLFI ceased to operate as a leasing 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 BFLI to ensure continuity to the latter’s existing clients.

If you like this article, share it on social media by clicking any of the icons below.

Or in case you haven’t subscribed yet to our newsletter, please click SUBSCRIBE so you won’t miss the daily real estate news updates delivered right to your Inbox.

---

The article was originally published in Manila Bulletin and written by James A. Loyola.

• Share on Facebook
• Share on Twitter
• Share on LinkedIn
• Share via Email

About Post Author