PCILF loans, lease portfolio hit P9.97B

PCI Leasing and Finance Inc. (PCILF), a subsidiary of the Equitable PCI Bank group, has reported total resources of P8.25 billion.

Total portfolio reached P7.31 billion, and the leasing portfolio topping P3.77 billion. PCILF is reputed for offering innovative services, including direct lease, sale and leaseback, and amortized commercial loans.

In terms of total loans and leases booked, PCILF was virtually unchallenged at P9.97 billion. Its bookings registered at P2.56 billion, propelled in part by increased business through referrals from other bank units as well as expansion in growth areas.

"PCILF bested all major industry players in terms of total resources, portfolio, bookings/sales, and net income," PCILF president and chief executive officer Manolo C. Arzadon said. The company ended the year with a net income of P393.8 million.

Arzadon attributed its profitability to product and service quality, cost-efficient operations, aggressive marketing strategies, and solid parent-bank support. The expertise and professionalism of its key personnel have also reinforced its competitive edge.