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SEC APPROVES CHANGE IN CORPORATE NAME PCILF now BDO Leasing and Finance, Inc.
The Securities and Exchange Commission (SEC) has approved the change in corporate name of PCI Leasing and Finance, Inc. to ‘BDO Leasing and Finance, Inc.’ last June 13, 2008.

BDO Leasing and Finance, Inc., a subsidiary of BDO, has established a sterling track record of service and innovation in the leasing and finance industry. It is a recognized leader in the market it serves, as manifested by consistently excellent financial results, as well as, a continuously growing client base.

Capitalizing on the Unibank’s extensive market reach and the wide product range, BDO Leasing continued to be ahead of its competitors in terms of total assets, capitalization and profitability. Total revenues reached P1.24 Billion in 2007, 18% higher year-on-year, while total loans and leasing portfolio levels reached P9.6 Billion, attributable to intensified marketing efforts and expedient loan processing.

BDO Leasing also continued to have the highest approved ceiling for short-term commercial papers (STCP) in the financing industry, particularly with the recent approval by the Securities and Exchange Commission to increase its STCP license to P2 Billion. Further, the Philippine Ratings Services Corp. (PhilRatings) maintained a "Best Grade" rating of PRS1 for this STCP issuance, reflecting a firm confidence in the company’s capability for timely payment of both principal and interest.

The BDO brand not only strengthened the company’s position in the industry but also revolutionized its capability to meet new sets of challenges and expectations.

 


   
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