Company president Georgiana A. Gamboa expects the economic activity to be spurred by the strong demand for capital expenditure from the transportation, construction, mining, energy, logistics and healthcare industries. For BDOLF, this would mean leasing opportunities through its extensive portfolio of equipment or machineries.
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The progress of these core sectors would drive the need for leasing of equipment. We also look forward to the implementation of the government's infrastructure projects from which our existing clients are already experiencing a boost in business," said Gamboa.
The continued strong remittance from the OFWs, bulk of which, goes to the real estate and healthcare sectors, would likewise cascade down to clients' need for leasing of equipment, Gamboa added.
BDOLF, a subsidiary of BDO Unibank, Inc. (BDO), ended 2011 with a 22% growth in lease and loan portfolio to over P14 billion. Total assets reached around P18 billion while its net profit amounted to P304 million.
With branch offices located in various key areas nationwide, BDOLF is primarily engaged in asset-based financing which includes finance and operating leases (both under direct or sale and leaseback arrangements), amortized commercial loans, installment paper purchase, floor stock financing and factoring of receivables.
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