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Manila Bulletin devider Business devider Global Dominion named as the fastest growing auto finance company for 2022

Global Dominion named as the fastest growing auto finance company for 2022

Published Dec 5, 2023 07:06 am

Global Dominion Financing Inc. (GDFI) was recognized as the Fastest Growing Auto Finance Company by the International Finance Awards 2022 for its innovative loan products and convenient payment options.

The International Finance Awards honored industry talent, leadership, net worth, and capability globally, recognizing winners based on credentials and past achievements during the recent awarding ceremony.

The criteria include innovative corporate social responsibility, charitable activities, effective corporate governance, and beneficial global finance initiatives, along with exceptional performance in their respective fields.

The title was awarded to GDFI due to its unwavering commitment to empowering Filipinos to achieve their goals through easy and innovative loan products that cater to diverse needs, offering affordable solutions and convenient payment options.

With 70 branches across the country, GDFI primarily focuses on vehicle financing, offering fast loan processing within 24 hours.

GDFI President Patricia Poco-Palacios expressed her gratitude to International Finance for its recognition, as well as to their team members, customers, and partners for their outstanding performance and commitment, and trust.

“The auto finance industry has been growing and is evolving faster globally, so we are very humbled to know that Filipinos trust to Global Dominion when it comes to auto financing is continuously growing strong,” GDFI Vice Chairman and CEO Robert B. Jordan Jr. said.

“We will pay it forward by further improving our service speed while keeping our processes simpler. We endeavor to be of service to more Filipinos and adapt to what they need, be it hybrid cars, more SUVs, or even trucks for their businesses,” Jordan added.

For his part, GDFI Board Chairman Ruben Y. Lugtu II said, “this recognition is a testament to our hard work and a reflection of the trust and support we have received from our valued customers. We express our heartfelt gratitude for their unwavering loyalty. Their trust in Global Dominion Financing has played a pivotal role in our growth, and we are committed to continually exceeding their expectations.”

“On behalf of Global Dominion Financing, I extend my appreciation not only to our diligent employees, whose commitment drives our success, but also to our esteemed partners who have been instrumental in our journey,” Lugtu added.

In 2022, GDFI loans portfolio grew to P6.8 billion—a significant 45 percent growth from the previous year. Also from 2021, its revenues grew by 70 percent to P2.051 billion, while net income grew by 43 percent to P465.4 million.

GDFI Car Financing for brand new and second-hand, makes it easier for "ka-partners" to get their dream car or trucks for business owners with convenient processing methods, easy repayment terms, and low interest rates.

It claims to have the best loan and financing offers with the most competitive features in the country, known for providing refinancing also known as car collateral loan or sangla OR/CR, both online and through its 84 branches located nationwide.

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