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About Us / Section
Corporate Information
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 consistent 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. 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.
Annual Report
-
2009 BDO Leasing Annual Report (Description : Building for the Future (BDO)
- 2008 BDO Leasing Annual Report
- 2007 BDO Leasing Annual Report
Awards and Citations
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)
BDO Leasing and Finance, Inc.
List of Directors and Corporate Officers
As of January 31, 2011
Board of Directors
| Chairperson | Teresita T. Sy | |
|---|---|---|
| Vice Chairman | Roberto E. Lapid | |
| President/Director | Georgiana A. Gamboa | |
| Director | Gerard Lee B. Co | |
| Director | Antonio N. Cotoco | |
| Director | Atty. Fulgencio S. Factoran, Jr. | |
| Director | Antonio A. Henson | |
| Director | Atty. Edmundo L. Tan | |
| Director | Nestor V. Tan | |
| Director | Exequiel P. Villacorta Jr. | |
| Director | Evelyn L. Villanueva | |
| Director | Walter C. Wassmer | |
| Independent Director | Ma. Leonora V. De Jesus | |
| Independent Director | Atty. Jesse H.T. Andres | |
| Independent Director | Jesus G. Tirona | |
Adviser to the Board: |
Hon. Jeci A. Lapus |
Corporate Officers
| Chairperson | Teresita T. Sy | |
|---|---|---|
| Vice Chairman | Roberto E. Lapid | |
| President | Georgiana A. Gamboa | |
| Corporate Secretary/Officer-In-Charge (for regulatory disclosure) | Joseph Jason M. Natividad | |
| Assistant Corporate Secretary | Rebecca S. Torres | |
| Corporate Information Officer | Elmer B. Serrano | |
| First Vice President & Treasurer | Renato G. Oñate | |
| Asst. Vice President / Compliance Officer | Sergio M. Ceniza |
CODE OF BUSINESS CONDUCT & ETHICS
The Company's officers and staff adhere to the appropriate standards of behavior in the workplace, dealings with clients and other stakeholders, the proper handling and dissemination of corporate information, as well as the proper observance of regulatory policies as embodied in its parent Bank's Employee Code of Conduct. Introduction
The BDOUB Code of Conduct (“Code”) outlines the principles and policies that govern the activities of the institution, and to which all directors, officers and employees and those that work for the institution, its subsidiaries and affiliates, should read and follow.
These principles and policies reflect the values the institution subscribes to and promotes.
The implementing rules and administrative details are left to Management to issue and enforce.
Responsibilities To BDOUB
Covered individuals or parties are responsible for maintaining ethical standards including accounting controls.
They are expected to comply fully with appropriate laws and regulations, as well as with the internal standards or policies and procedures.
They are not to use the institution's name improperly nor to misrepresent it for personal gains or advantage.
All covered individuals shall not deliberately mislead customers, the public or other colleagues by making false or misleading statements or by withholding information.
Anybody who becomes aware of any violations of law, regulations or policies should report his suspicions to his superiors or to any of the designated office or individuals.
The institution's assets (physical, financial or intellectual) may be used only for proper purposes.
Responsibilities for the Workplace
The institution is committed to fair employment practices and a work place free from discrimination, harassment (including sexual harassment) or intimidation of employees.
The institution is committed to a workplace free from drug use or sale.
The institution is committed to the safety of the employees and others in its premises.
Conduct Relating to Customers and External Constituencies
The customers, suppliers, competitors or other who deal with the institution and its related enterprises must be treated fairly.
Accepting and giving of gifts, including entertainment services or activities, are not permitted except as may be allowed by strict internal guidelines.
The institution strictly prohibits the acceptance of gratuities, extraordinary commissions or any form of payment from customers or suppliers in exchange for favorable treatment or considerations.
Publications, speeches, media interviews and advertisements need appropriate internal clearance; this includes lobbying activities in support of any particular legislative proposals.
Due respect to the privacy and confidentiality of dealings with customers shall be strictly observed.
Certain transactions or information shall not be made available to groups or individuals within the institution where there may exist potential conflict on interest, more particularly between credit and investment operations.
Complaints from customers shall be handled with expediency in accordance with internal rules.
The institution will not make political donations that may be interpreted as an attempt to encourage favorable treatment of the Bank and any of its subsidiaries, affiliates, directors, officers and employees.
Conduct Relating to Investment and Outside Activities
Trading in the institution's and related entities' securities while in possession of material non-public information is not permitted and is considered illegal.
Real and perceived conflict of interest shall be avoided when investing in outside business activities or accepting Directorships.
Queries of complaints from stockholders shall be immediately referred to the designated office or officials.
Observance of Standards of Conduct for Individuals
Certain rules and procedures are enforced as regards the items enumerated below, and deviations from these standards shall be considered in the individuals' performance ratings:
Attendance and punctuality are expected from all concerned (they not only make effective use of time but also reflect courtesy to others).
Integrity (honesty, professional behavior) is expected to be observed in all dealings with customers, regulators, co-employees, and the public in general.
Engaging in fraud, directly or indirectly, connivance and facilitation in committing fraud are totally prohibited.
Decorum must be observed to promote harmony and respect within the organization and in dealing with external constituencies.
Prescribed uniform shall be followed for clear identity and loyalty; it also promotes the institution's image and values.
Loyalty which is the highest commitment to the interest of the institution is expected from all concerned.
Covered individuals are expected to refrain from moving business away from the institution or encouraging others to leave the institution, even after the covered individuals' have themselves left the institution.
Office rules on use or custody of electronic facilities and other assets of the institution shall be strictly observed by all concerned.
Sanction, Penalties
The institution reserves the right to impose corresponding sanctions and/or penalties for violations of the “Code”, which includes dismissal from service without prejudice to further legal, administrative or criminal charges depending on the offense.
Specific Requirements of Law
From time to time, specific laws are implemented which require the special attention and strict observance by all concerned. All concerned, who shall be advised of such requirements, shall ensure their individual responsibilities are complied with.
Some specifics:
Bank Secrecy Act
Anti-Money Laundering Act
Customers Protection Act
(Approved by the Board of Directors per Resolution No.66-2007 dated 24 February 2007)
Related Party Transactions
The Company, in compliance with legal and regulatory requirements, maintains transparency of related party transactions between and among the Company, its parent Bank and its subsidiaries, affiliated companies, directors, officers, stockholders, related interests (DOSRI), and joint ventures.
Dealings with Suppliers, Clients and Business Partners
BDOLF employs high ethical standards in its business dealings to ensure the integrity of its employees and the organization. As part of BDO group, the Company does not allow the acceptance, directly or indirectly, of any gift, gratuity, favor, loan or any item having monetary value or any other form of compensation from business partners, clients, suppliers and other third party service providers in connection with a service that may, in any way, influence employees' decisionmaking.
Corporate Social Responsibility
Donated furniture, fixtures and equipment through SM Foundation for the following beneficiaries:
-
Bahay ni Maria (c/o BDO Leasing San Pablo branch)
-
Gawad Kalinga (c/o BDO Leasing Davao branch)
-
Gulong ng Palad (c/o BDO Leasing CDO branch)
Ultimately, the Bank through BDO Foundation Inc. aims to be a major catalyst in the creation of opportunities for the under-privileged and in the country’s socio-economic development.
Corporate Social Responsibility
Donated furniture, fixtures and equipment through SM Foundation for the following beneficiaries:
-
Bahay ni Maria (c/o BDO Leasing San Pablo branch)
-
Gawad Kalinga (c/o BDO Leasing Davao branch)
-
Gulong ng Palad (c/o BDO Leasing CDO branch)
Ultimately, the Bank through BDO Foundation Inc. aims to be a major catalyst in the creation of opportunities for the under-privileged and in the country’s socio-economic development.
Credit Ratings
Investor Relations Officers
Luis S. Reyes, Jr.
Investor Relations and Corporate Planning
Tel. No. 840-7142
Fax: 840-7362
email: reyes.luis@bdo.com.ph
Richard Tan
Investor Relations and Corporate Planning
Tel No. 878-4809
Fax No. 878-4151
email: tan.richard@bdo.com.p
Corporate Profile
BDO Leasing & Finance, Inc. is a BDO Unibank subsidiary that has distinguished itself to be on the leasing edge of the leasing and finance industry. Reputed for execeptional service and innovation, it has strengthened its market leadership year after year. Healthy financial results, increased marketing capability, and the trust of a continuosly growing client base make BDO Leasing strongly positioned to remain strides ahead of competition.
Vision Statement
We shall be at the forefront of the leasing and financing industry in the Philippines and in the Asia Pacific Region. We shall have the Most Extensive Market Reach and shall be composed of highly trained, technically competent, and upright professionals working as a team and contributing to the growth of the nation and the communities we serve. Recognizing that the customer is the focus of our activities, we shall lead the industry by providing modern and relevant financial services which exceed his expectations.
Mission Statement
We are in business for our customers, shareholders, and employees.
We shall deliver creatively innovative products and cross-sell the BDO Unibank Group's Services supported by procedures, systems, and processes which will ensure utmost customer satisfaction;
We shall recognize and reward excellence in our employees and shall provide an environment conducive to maximizing their potentials as we work cohesively as a team;
We shall generate consistently high returns for our shareholders;
We shall maintain a prestigious and professional corporate image and shall actively fulfill our social responsibility;
Total Quality shall be the most important ingredient in all our activities.
[2009 Official Disclosure ]
[2010 Official Disclosure ]2011 Official Disclosures
Securities and Exchange Commission Report
|
BDO RENTAL, INC. |
BDO Corporate Center:
7899 Makati Avenue
Makati City 0726, Philippines
Trunkline: (+632) 840-7000
Customer Contact Center:
(+632) 631-8000
callcenter@bdo.com.ph
Domestic Toll-Free Nos.:
1-800-10-6318000 and 1-800-3-6318000 (Digitel)
International Toll-Free No.:
(Intl. Access Code) + 800-8-6318000
Investor Relations & Corporate Planning:
(+632) 840-7000 local 6069 or 4809
Email Us
2011 SEC
2010 SEC
2009 SEC
2008 SEC
Manual on Corporate Governance
BOARD COMMITTEES
The Board has established four committees to assist it in shaping the Company's corporate policies and practices, and help ensure adherence to corporate governance principles.
Executive Committee
Chairman: Teresita T. Sy
Members: Nestor V. Tan
Roberto E. Lapid
Antonio N. Cotoco
Evelyn L. Villanueva
Walter C. Wassmer
Georgiana A. Gamboa
The Executive Committee acts on behalf of the Board of Directors on matters affecting the operations of the Bank subject to such authorities that may be imposed by the Board of Directors. The committee, which meets at least once a week, also assesses the viability of credit and investment proposals giving due consideration to the credit risk involved and impact on the Company's financials. Likewise, it has the authority to approve within set limits projects or such other initiatives for enhancing the Company's operating and service delivery capabilities.
Board Audit Committee
Chairman: Ma. Leonora V. De Jesus (Independent)
Members: Jesse H. T. Andres (Independent); and Jesus G. Tirona (Independent)
Adviser: Shirley M. Sangalang
The Board Audit Committee provides oversight of the Company's financial reporting and control as well as its internal and external audit and compliance functions. It reviews and assesses the Company's annual audit plan, its system of internal controls and regular financial and audit reports. It evaluates strategic issues relating to plans and policies, financial and system controls, and methods of operation, seeing to their adequacy and pinpointing possible improvements.
As a continuing practice, the following were extensively discussed and consistently reviewed:
the scope and plan of internal
and external audit;significant audit findings
including risk assessment and
evaluation of internal controls;internal audit progress report
and monitoring of resolution
findings;report on compliance with
regulatory bodies and
management'00s corresponding
action;internal audit's manpower
resources as well as its staff
proficiency improvement
programs;annual audited financial
statements and the analysis of
quarterly results of operations;new legal and regulatory
initiatives affecting the banking
industry and its impact on the
Company's operationsThe committee, which meets at least once a month, held 12 meetings in 2010.
Corporate Governance Nomination and Compensation and Remuneration Committee
Chairman: Teresita T. Sy
Chairman: Edmundo L. Tan
Members: Jesse H.T. Andres (Independent)
Antonio N. Cotoco
Antonio A. Henson
The Committee reviews and assesses the Company's corporate governance practices, and recommends the applicable guidelines, monitors compliance, and suggests improvements to ensure effectiveness. It provides oversight on the annual performance self-evaluation of the Board, its committees, and executive management.
In 2010, the Committee accomplished the following:
updated and enhanced
BDOLF's Corporate
Governance Manual, a guide
for the Company's business and
operations to be conducted in
accordance with the principles
and best practices of good
corporate governance.improved the disclosures of
the Company's Corporate
Governance policies and
practices using the Scorecards
of the Securities and Exchange
Commission (SEC) and Institute
of Corporate Directors (ICD)
Corporate Governance as
reference.conducted the annual
performance evaluation of
the board, its committees
and senior management in compliance with BSP Circular
Nos. 456 and 592, as well
as with SEC Memorandum
Circular No. 2, Series of 2002.The Committee provides oversight on directors' compensation and remuneration of senior management and other key personnel, ensuring consistency of the compensation policies and practices with the corporate culture and strategy of the Company as well as industry practices.
The Committee also provides oversight on the qualifications of all nominees to the Board of Directors as well as appointments to other Company positions requiring Board approval. It recommends the nominees for election to the Board of Directors of the Company during the annual stockholders' meeting. In case of vacancy/ies in the Board, the Committee seeks qualified nominees and recommends them to the Board for appointment.
The Committee held four meetings in 2010.
Risk Management Committee
Chairman: Nestor V. Tan
Members: Antonio N.Cotoco
Ma. Leonora V. De Jesus (Independent)
Walter C. Wassmer
Roberto E. Lapid
and Renato G.Oñate
The Risk Management Committee is responsible for policy development and oversight of the Company's credit, market and operating risk exposures. It oversees the system of limits of discretionary authority delegated by the Board to management, ensuring that the limits are observed, and breaches, if any, are immediately corrected. It establishes the framework for reporting risk to the Board including the assessment of the probability and potential impact of each identified risk exposure to the Bank. Considering the importance of credit risk, the Executive Committee approves counter-party credit risk under the guidance of established policies, procedures, and guidelines set by the Risk Management Committee.
The Committee meets at least once every quarter and held four meetings in 2010.