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Friday, June 14, 2024

Driving economic growth, empowering communities

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Global Dominion Financing, Inc. (Global Dominion) booked P6.8 billion of loans in 2023. This infusion to the Philippine economy mobilized businesses and empowered families to achieve their goals. This growth indicator was highlighted during the company’s 2024 annual stockholders’ meeting, attended by its board of directors, shareholders, and senior managers.

Ruben Y. Lugtu II, Global Dominion Chairman of the Board, opened the meeting with great appreciation to the company’s stakeholders, especially the employees. 

“I believe we were able to achieve all these because of the values and the attitude our leaders, management team, and employees brought to bear,” Lugtu said.

Global Dominion employees grew to more than 1,000 in count when 2023 ended. 

“I invite everyone to carry these values, the good attitude, and mental fortitude in discharging our duties,” Lugtu added as he closed his speech, referring to the organization’s core values of integrity, excellence, innovation, care, fun, and grit,” Lugtu added.

The organization also boasted more of its performance numbers from its consolidated financial statement, including its 19 percent net income growth, seven percent return-on-assets, and 0.89 percent non-performing loans ratio.

Global Dominion President & Managing Director Patricia Poco-Palacios presents a report of audited financial statements of the firm

Global Dominion vice chairman and CEO Robert B. Jordan Jr. said that 2023 was “no easy feat,” but it was successfully journeyed by the team through “strategic investments, innovative solutions, and relentless focus on quality.”

“And we will continue to accelerate growth in people and organizations as we continue with our expansion plans through 2024,” Jordan shared.

Lugtu and Jordan started Global Dominion in 2003 to help the underbanked small and medium enterprises (SMEs) in the country. Years later, they have proven how a purpose can drive a business to success, with the virtue of shared prosperity and desire for nation-building.

During the meeting, the board approved the report of the company’s president and managing director, Patricia Poco-Palacios. She highlighted the team’s growth and development among its people, processes, and platforms.

More than 100 employees were promoted while the attrition rate was maintained at 2.84 percent. Recruitment continues through 2024 when more branches are expected to be opened.

More efficient and secure financing is expected this year from the company, given its additional investment in new systems and technologies in 2023, particularly in line with infrastructure and security.

The board of directors of Global Dominion during its annual stockholders’ meeting

Customer experience and reach have also been improved through enhanced inquiries management and the establishment of additional channels where Filipinos can learn more about Global Dominion products and services, including kiosks in malls in the metro.

Palacios also recalled the Dalawampung Kwento event, the company’s 20th anniversary celebration, the onboarding of the brand ambassadors James Deakin and Ogie Alcasid, and the collaborations with universities and the media for financial literacy events and speaking engagements. She also praised the company’s finance team for robust fundraising and reporting.

Global Dominion has been one of the leading financial services providers in the Philippines since 2003, catering to those in need of car/truck financing and car/truck refinancing, and now even real estate mortgage loans and real estate financing.

For more information about Global Dominion, visit gdfi.com.ph.

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