The evident growth of financing in PH

MORE businesses continued to seek the service of lending and financing firms to fund their growth and development. This was apparent in the growth of Global Dominion, a financing company, in recent years that demonstrated robust financials amid a challenging economic landscape and stayed steadfast in its commitment to supporting small and medium enterprises. Finance Officer in Charge Tom Laderas said the revenue of Global Dominion has surged by an impressive 23 percent, compared to the previous year, reaching a record-breaking P2.62 billion. This phenomenal growth was fueled by strategic initiatives, focused on expanding the customer base, breaking into new markets and enriching the product portfolio.

Global Dominion invested in talent acquisition, increasing presence through branch expansion and intensifying marketing efforts, which contributed to its sustained healthy profitability throughout the recent years. This was reflected in an operating profit margin of 22 percent, leading to a net operating income of P518 million.