BDO Leasing and Finance, one of the dominant leasing companies in the Philippines, posted a net income of P570 million in 2016, slightly higher than the P556 million the previous year, following growth in business volumes.

Gross revenues increased by 10% to P2.9 billion as the company expanded its net lease and loan portfolio by 14% to P31 billion.

The company is the leasing and financing subsidiary of BDO Unibank and provides direct leases, real estate leases, sale and leaseback arrangements as well as receivables factoring. It also provides operating leases through its wholly-owned subsidiary BDO Rental.