Monday 17 December
Nov 10, 2017 @ 18:41

BDO Leasing income slips amid higher operating costs

 

The double-digit increase in lending did not lift the company’s performance.

BDO Leasing and Finance, Inc. booked a P406 million net income from January-September, down from the P425 million it made a year ago.

The financing subsidiary of BDO Unibank, Inc. attributed the lower profits to higher funding costs, which came despite a 9% increase in gross revenues to hit P2.3 billion. Its loan portfolio even clocked a 13% growth to amount to P34 billion for the nine months ending September.

Bilyonaryo Henry Sy’s leasing arm extends financing and leaseback deals for client, particularly through BDO Rental Inc.

Please follow and like us:

Tags: , , , , , , , ,

Related Stories
The Nigerian government is taking oil giants Shell and Eni to court in London, requesting
South Luzon Tollways Corp. posted a net income of P2.27 billion in the nine months
This bank got an income boost from more loans.
Remittances were pretty weak that month.


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.