Established in 2003, Global Dominion Financing Inc. continues to grow, reaching its zenith in 2023 by lending out a record P6.8 billion in loans, empowering countless underbanked families and small- and medium-scale enterprises all over the country.
There are two ways to view loans: an obligation to be met; or a source of funds to help business ventures, regardless of size, grow and further generate economic activity for themselves as well as for countless others.
One of the country’s leading financial services providers wants its growing number of clients to equate loans, once used wisely, as a vehicle for growth and a source of empowerment. In turn, every member of the organization is aware of the pivotal role he or she plays to make growth happen within and outside the company both in the micro and macro level.
In 2023, Global Dominion Financing, Inc. (Global Dominion) booked P6.8 billion worth of loans. This infusion to the Philippine economy mobilized businesses and empowered countless families to achieve their goals. This growth indicator was highlighted during the company’s recent 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 by expressing his proof,d appreciation for 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,” he said.
Global Dominion employees grew to more than 1,000 as 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 such as integrity, excellence, innovation, care, fun and grit.
The organization also boasted more of its performance numbers from its consolidated financial statement, including its 19 percent growth in its net income, 7 percent growth in return-on-assets, and 0.89 percent growth in its non-performing loans ratio.
Global Dominion vice chairman and CEO Robert B. Jordan Jr. said that 2023 was “no easy feat,” but the team still managed to emerge successful through “strategic investments, innovative solutions, and relentless focus on quality.” Jordan added that they “will continue to ignite and accelerate growth in people and organizations” as it continues with its expansion plans through 2024.
Lugtu and Jordan started Global Dominion in 2003 with the intention of helping 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 attrition rate was maintained at 2.84 percent. Recruitment continues through 2024 when more branches are expected to be opened.
A 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.
Customer experience and reach have also been improved through enhanced inquiries management and establishment of additional channels where Filipinos can learn more about Global Dominion’s products and services, including kiosks in malls in the metro.
Palacios also recalled the “Dalawampung Kwento” event, the company’s 20th anniversary celebration, tapping brand ambassadors James Deakin and Ogie Alcasid, and Global Dominion’s active efforts to collaborate with universities and the media for financial literacy events and speaking engagements. She also praised the company’s finance team for robust fund raising 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 mortgaged loan and real estate financing.
For more information, go to Global Dominion’s website gdfi.com.ph.
