| 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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