DBP Leasing Corporation

DBP Leasing Corporation's roots can be traced in 2005 when it started as NDC Maritime Equity Corporation and its purpose was to support the maritime transport policy via the acquisition of RORO vessels. In 2006, the name changed to NDC Maritime Leasing and became duly licensed as a financing company. In 2008, DBP acquired NMLC and became DBP Maritime Leasing Corporation which in 2009 became the present DBP Leasing Corporation. In 2014, the company introduced financial services which is amortized commercial loan and receivables discounting and started to cater not only to the maritime industry but all types if industries

In 2012-2013, the company was saddled with repossessed vessels which accounted for 27.86% and 35.99% of total assets respectfully. From 2012-2014, the company suffered losses due to the following: depreciation expenses, maintenance and insurance expenses from repo vessels and impairment losses from said reepo vessels. 2015 was a turn-around year as the company registered a ? 20.14 million. 2016 was a follow thru year as the company earned ? 67.98 million in net income, the highest in its history. To date, out of the ten original repo vessels amounting to ? 412.43 million, DBPLC had already disposed nine vessels either thru finance lease and/or outright disposal and only has remaining inventory of repo vessels accounting for 0.75% of total assets.

From zero credit lines in 2014, DBP Leasing now has various credit lines and term loans from local banks totaling ? 3.20 billion. This clearly reflects the banks increasing trust and confidence in DBP Leasing's ability to sustain growth in the long term. The Monetary Board in its May 18 Resolution rendered its favorable opinion in the ? 1.90 billion various credit facilities of DBP-LC.

Based on 2015 Audited Financial Statements , among its industry peers DBP Leasing ranks 11th in terms of net lease and loan portfolio and no. 10 in terms of net income. IT also registered a 151.34% growth in portfolio, the highest in the industry. COA had issued its unqualified opinion on DBP-LC's financial statements for the years 2015-2016 in the end of the firs quarter of the succeeding year.

To provide public and private enterprises access to leasing and financing services in support of government’s priorities and nationwide development.

By 2025, DBP-LC shall continue to be a major provider of leasing and other asset-based financing services to the public and private sectors, with emphasis on SMEs, in support of the government’s priorities to bring about nationwide development.

• Integrity - Honesty, Probity, Honor

• Transparency - Clarity, Simplicity, Accountability

• Quality - Excellence, Customer Satisfaction, Value

• Relevance - Significance, Importance, Development

• Teamwork - Harmony, Cooperation, Synergy