About Dominion Holdings, Inc.

Corporate Profile

Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc. or BLFI) is a subsidiary of BDO Unibank Inc., whose primary purpose is to hold/own real estate properties, securities/shares of stocks, and other assets of other companies, and engage in investment and business activities involving these assets. 

 

The change in corporate name from BDO Leasing and Finance, Inc. to Dominion Holdings, Inc. and the amendment of its Articles of Incorporation and By-Laws were approved by the Securities and Exchange Commission (SEC) on July 18, 2022, and are in line with the strategic direction of its principal shareholder, BDO Unibank, Inc. (BDO), to convert BLFI into a Holding Company. As an investment holding company, Dominion Holdings, Inc. will have more flexibility in pursuing business opportunities which will enhance shareholder value for all shareholders.

 

Prior to this, BLFI had already ceased to operate as a leasing and financing company and completed the assignment  and transfer of its leasing and financing business to an affiliate, BDO Finance Corporation, on October 19, 2020. BDO Finance was established to offer customers continued access to lease products and services, and likewise, assumed the lease transactions booked in BLFI to ensure continuity of service to the latter’s existing clients. On July 5, 2022, BLFI filed with the SEC a letter surrendering its Certificate of Authority to operate as a financing company.

 

Corporate Mission 

We are in business for our shareholders, our employees and our other stakeholders.

We shall pursue investments that are sustainable, promote economic growth, social welfare, are environmentallyfriendly and that maximize shareholder value.

We shall aim for consistently high returns for our shareholders.

We shall recognize and reward excellence in our employees and provide a work environment conducive to maximizing their potential and building a cohesive team.

We shall actively fulfill our social responsibility.

 

Corporate Vision

As a holding company under the BDO Group, we shall invest in value-generating businesses which promote sustainability, economic growth and improve the lives of Filipinos. 

Our team shall be composed of upright professionals focused on contributing to the growth of the nation and the communities we serve and on securing investments that are aligned with our mission and our values.

 

Core Values 

The Company’s corporate governance practices are anchored on our core values which guide us in our decisions, interactions, and relationships with our shareholders and other stakeholders. These are as follows:
  • Commitment to a Dynamic and Efficient Organization

    We are committed to creating an organization that is flexible, responds to change, and encourages innovation and creativity. We are committed to the process of continuous improvement in everything we do.

  • Commitment to Employees

    We are committed to our employees’ growth and development and we will nurture them in an environment where excellence, integrity, teamwork, professionalism, and performance are valued above all else.

  • Commitment to Shareholders

    We are committed to providing our shareholders with superior returns over the long term.

 

Board and Shareholder Matters

List of Directors and Corporate Officers as of February 01, 2024

Board of Directors

Chairperson Elmer B. Serrano
President John Emmanuel M. Lizares
Director Jerome C. Guevarra
Director Geneva T. Gloria
Director Luis S. Reyes, Jr.
Director Melanie S. Belen
Director Rebecca  S. Torres
Independent Director Atty. Luis Ma. G. Uranza
Independent Director Ismael G. Estela Jr.

 

Corporate Officers

President John Emmanuel M. Lizares
Corporate Secretary Atty. Joseph Jason M. Natividad
Assistant Corporate Secretary Atty. Ma. Cecilia S. Santos
Treasurer Luis S. Reyes Jr.
Chief Risk & Compliance Officer Cosme S. Trinidad Jr.

 

Ownership

    Ownership Structure

 

Company Organizational Structure

 

Financial Highlights

 

BDO Unibank, Inc. Group Map

Group Map as of December 31, 2022

 

Awards and Recognition

2023

Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc.) received a 1-Golden Arrow award from the Institute of Corporate Directors (ICD) during the 2023 ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Recognition ceremonies held at Okada Manila Hotel in Pasay City last September 28, 2023. This award is for its 2022 corporate governance practices based on the ACGS Scorecard.

2019

BDO Leasing and Finance, Inc. was granted 2-Golden Arrows recognition by the Institute of Corporate Directors (ICD) in recognition of its strong corporate governance practices in 2018 based on its scores in the Asean Corporate Governance Scorecard (ACGS). BDOLF was also named among the Top 5 Philippine PLCs in the Financial Sector, along with BDO Unibank, BPI, China Banking Corporation and Metrobank.

The Golden Arrow recognition is awarded to publicly listed companies (PLCs) in the country with good corporate governance performance for the preceding year.

2017

BDO Leasing and Finance, Inc. (BDOLF), the leasing and finance arm of the BDO Group, with 15B Commercial Paper was assigned an issuer credit rating of PRS Aa (corp.) by Philippine Rating Services Corporation (PhilRatings).  BDOLF, a subsidiary of BDO Unibank, Inc. (BDO), is a non-bank financial institution mainly engaged in servicing the leasing and/or financing requirements of individual consumers and commercial clients.

A company rated PRS Aa (corp.) differs from the highest-rated corporates only to a small degree, and has a strong capacity to meet its financial commitments relative to that of other Philippine corporates.

The assigned issuer rating considers BDOLF’s strong brand recognition due to the company’s close strategic relationship with its Parent Bank; its continued asset expansion supported by increasing leverage; expectations of compressed margins and returns amid sustained revenue growth; and the favorable outlook for the leasing and financing industry due to continued domestic economic growth.

2016
BDO Leasing and Finance, Inc. (BDOLF), the leasing and finance arm of the BDO Group, with 25B Commercial Paper was assigned an issuer credit rating of PRS Aa (corp.) by Philippine Rating Services Corporation (PhilRatings).  BDOLF, a subsidiary of BDO Unibank, Inc. (BDO), is a non-bank financial institution mainly engaged in servicing the leasing and/or financing requirements of individual consumers and commercial clients.

A company rated PRS Aa (corp.) differs from the highest-rated corporates only to a small degree, and has a strong capacity to meet its financial commitments relative to that of other Philippine corporates.  

The assigned issuer rating considers BDOLF’s strong brand recognition due to the company’s close strategic relationship with its Parent Bank; its continued asset expansion supported by increasing leverage; expectations of compressed margins and returns amid sustained revenue growth; and the favorable economic and industry outlook.

BDOLF is recognized as one of the leading players in the commercial leasing industry, directly competing with other financing companies affiliated with top Philippine banks and other financial services firms. BDOLF has largely benefited from the BDO Group’s extensive market reach and well-established presence throughout the country, in terms of marketing referrals, as well as the strong franchise of the Group.

2015
Philratings assigned a PRS 2 rating to BDO Leasing and Finance, Inc.'s P25.0 Billion Short-Term Commercial Paper. The rating considers BDOLF’s close strategic relationship with its strong Parent Company; its experienced management and the favorable outlook for the leasing and finance industry due to continued domestic economic growth.  These rating factors are counterbalanced by BDOLF’s increasing leverage, with debt as the main source for the company’s continued expansion and expectations of tempered company profitability over the short-term.

2014
Philratings assigned a PRS 2 rating to BDO Leasing and Finance, Inc.'s P10.0 Billion Short-Term Commercial Paper. The rating reflects the following key considerations: a) BDO Leasing’s favorable market position in a competitive environment; b) Synergies between BDO Leasing and parent company, Banco De Oro Unibank (BDO) which supports growth; c) BDO Leasing’s solid business performance and ability to meet targets; and d) its improving asset quality measures and well diversified asset portfolio. The rating also considers the likelihood that the Philippine economy will remain vibrant, thus providing opportunities for the leasing and financing industry.

2013
Philratings assigned a PRS 2 rating to BDO Leasing and Finance, Inc's (BDOLF) P15.0 billion in Short Term Commercial Papers.

The ratings considers BDOLF's solid market position and business synergy with its parent company,Banco de Oro Unibank, Inc.(BDO); its expanding loan portfolio which offsets margin compression;improved asset quality; and sufficient capitalization.

2012
Philratings assigned a PRS 2 minus rating to BDO Leasing and Finance, Inc's (BDOLF) P15.0 billion in Short Term Commercial Papers. The ratings considers BDOLF's solid market position and business synergy with its parent company, Banco de Oro Unibank, Inc.(BDO); its expanding loan portfolio which offsets margin compression; improved asset quality; and sufficient capitalization.

2011
BDO Leasing was approved by the SEC to increase its Short Term Commercial Papers (STCPs) license to P15.0 billion from P12.0 billio. Philratings assigned a PRS 2 minus rating to BDO Leasing and Finance, Inc.'s (BDOLF) P15.0 billion in proposed STCPs. The rating is defined as above average (strong) capability for payment of commercial paper issue on both interest and principal. The rating considers BDOLF's solid market position and business synergy with its parent company, Banco de Oro Unibank, Inc.(BDO); its strengthening and expanding loan portfolio which offsets margin compression; improved asset quality; and sufficient capitalization.

2010
BDO Leasing was approved by the SEC to increase its Short-Term Commercial Papers (STCPs) license to P12.0 billion from P8.0 billion. The Philratings has assigned an issue rating of PRS 2 minus to BDO Leasing's P12.0 billion STCPs. The rating considers BDOLF's solid market position and business synergy with parent company, Banco de Oro Unibank, Inc.(BDO), sufficient capitalization; benign inflationary pressure which limits interest risks; tempered profitability with margin compression and improved asset quality.

2009
Philratings assigned a PRS 2 minus rating to BDO Leasing's proposed P8.0 billion Short-Term Commercial Papers (STCPs). The rating means that BDO Leasing has above average (strong) capability of payment of the commercial paper on both interest and principal. The rating reflects BDO Leasing's solid market position, sound capitalization, continuing benefits from its synergy with parent company Banco De Oro Unibank (BDO), relatively positive industry prospects, moderated profitability, as well as asset management and quality challenges.

2008
Philratings assigned a PRS 2 Plus rating to BDO Leasing's proposed P4 Billion short-term commercial papers (STCPs). The rating means BDO Leasing has above average (strong) capability for payment of the commercial paper issue on both interest and principal. This reflects BDO Leasing's solid market position, sound capitalization, synergies with its parent company (Banco De Oro Unibank, Inc.), and sustained albeit tempered profitability.

2006
BDO Leasing was approved by the SEC to increase its Short -Term Commercial Papers (STCP) license to P2.0Billion from P1.25Billion. The Philippine Ratings Services Corp. (Philratings) maintained a "Best Grade" rating of PRS1 for this STCP issuance. This represents the strongest capability for timely payment of both principal and interest. The continuous high rating awarded both by the Securities and Exchange Commission (SEC) and Philratings is an affirmation of the consistency in the way BDO Leasing managed its business even through challenging times. It is also an expression of confidence in the company's commitment in fulfilling its long-term vision and aspirations.

2005
BDO Leasing was cited by the BSP's Anti-Money Laundering Council (AMLC) for being compliant in its reportorial requirements since its inception in March 2003.

2004
BDO Leasing received a PRS 1 credit rating from Philippine Rating Services Corp (philratings) for its proposed P5 Million short-term commercial paper. This rating represents the "Best Grade" and the strongest capability for the timely payment of the STCP issue for both principal and interest.

1997
BDO Leasing earned a Polaris Award by Credit Information Bureau, Inc. (CIBI) for having consistently obtained a high credit rating for its Short-term Commercial Paper (STCP) issuance annually since 1985.

1994
BDO Leasing became the country's largest financing industry as Gross Income expanded to P592Million with Net Income at P142 Million, Equity at P479Million and Total assets placed at P2.5Billion

The company was adjudged as the "Most Outstanding Newly Accredited Financial Institution" by the Guarantee Fund for Small and Medium Enterprise (GFSME)