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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. Net Income reached P2.04 billion in 2010, 3% higher year-on-year, while total loans and leasing portfolio levels reached P14.6 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 P12 billion, Further, the Philippine Ratings Services Corp. (PhilRatings) assigned a PRS 2 minus rating to this STCP issuance reflecting BDO Leasing's strong capability for payment of the commercial paper issue on both interest and principal. 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. |