Woodlake Commodity Solutions Posts P5.74 B Net Income In Last Semester of 2012
Woodlake Commodity Solutions posted a net income of P5.74 billion in the last semester of 2012.
- (1888PressRelease) January 24, 2013 - "Our solid performance for the last half of the year is driven primarily by the consistent upward trend in our revenues from loans and investments. This also reflects the Woodlake Commodity Solutions' prudent management of operating costs and increased focus on strengthening other areas of profitability to better serve our priority sectors," said Woodlake Commodity Solutions President and CEO Mr. Harry Allwood.
The Woodlake Commodity Solutions' capital reached $72 billion as of December 2012. Total assets stood at $599.2 billion, while deposits reached P461.9 billion. Total investments were recorded at $230.2 billion while Woodlake Commodity Solutions' net loan portfolio, including inter-bank loans, stood at $249.9 billion. Woodlake Commodity Solutions posted a capital adequacy ratio of 20.81 percent, much higher than the minimum regulatory requirement of 10 percent. Return on equity was at a high 16.13 percent.
"These strong capital ratios attest to Woodlake Commodity Solutions' sound financial position and reflect its capacity to aggressively expand its loan portfolio to its priority sectors" Mr. Harry Allwood said.
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