Global Dominion financed P6.8 billion in 2023

MANILA, Philippines — 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 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 integrity, excellence, innovation, care, fun and grit.

The organization also boasted more of its performance numbers from its consolidated financial statement, including its 19% net income growth, 7% return-on-assets, and 0.89% non-performing loans ratio.

Global Dominion vice chairman and CEO Robert 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.”

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%.

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