DBPLC DISCLOSURES
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DBP Leasing Corporation is regulated by the Bangko Sentral ng Pilipinas. For any concerns and inquiries, you may contact our office at (632) 5304-7916 (Contact Us) or send an email to customerservice@dbp-leasing.ph. You may also call the BSP Financial Consumer Protection Department at (632) 708-7087 or send an email to consumeraffairs@bsp.gov.ph. 

 

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MR. ANDREW C. KONG, THE NEWLY ELECTED PRESIDENT
AND CHIEF EXECUTIVE OFFICER (P&CEO) OF 
DBP LEASING CORPORATION
 
 
 
In accordance with R.A. 10149 otherwise known as the “GOCC Governance Act of 2011”; GCG Memorandum Circular (MC) No. 2012-07 or the “Code of Corporate Governance for GOCCs”; and GCG MC No. 2012-09 on the subject: “The Chief Executive Officer”, all mandating that the CEO “shall be elected annually by members of the Board from among its ranks”, the DBPLC Board of Directors in its 16 September 2024 Regular Board Meeting elected Mr. Andrew C. Kong.

Mr. Kong is an Appointive Director, appointed by former President Rodrigo R. Duterte on 22 May 2018.

Mr. Kong is a licensed Electrical Engineer and a graduate of the MAPUA Institute of Technology. Prior to his appointment in DBP Leasing Corporation, he was the President and CEO of JC Power Corporation from 1990 to 2014 and a Power Distribution Engineer of Beta Electric Co., a subsidiary of Herdis Group of Companies. He is also an active member of the Brotherhood of Christian Businessmen and Professionals.

DBP LEASING CORPORATION

A wholly-owned subsidiary of the Development Bank of the Philippines, DBP Leasing Corporation provides financial products and services to help private enterprises and publicly-owned entities acquire new equipment and other productive capital assets. It offers alternative and easy lease-to-own financing solutions for the acquisition of new technology and capital intensive equipment for transport, logistics, construction, manufacturing, plant machineries, hospital and medical equipment, sustainable energy or energy efficiency systems, warehouses and office buildings.


As a government financial institution, DBP Leasing Corporation is committed to assist in the economic growth and development of the Philippines by providing leasing and other relevant financing services responsive to the needs of its customers.

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What is Leasing?

Leasing is a form of medium-term financing suitable for acquiring assets such as machinery, equipment, vehicles, vessels and even buildings. It begins with the customer, or lessee, choosing the specific type of asset, which the leasing company then buys from the customer‘s preferred vendor then leases to the customer. The lease generally requires a minimal up-front cash outlay of 10-20% from the lessee in the form of a guaranty deposit. And depending on the type and durability of the asset, the lease term may run from 2-10 years, allowing the lessee unrestricted use while paying the rentals during much of the asset’s useful life. At the end of the lease, the lessee is given options on the disposal of the leased asset.

If you are in a highly competitive industry that demands frequent changes in technology, or when budget constraints prevent you from buying capital asset, leasing can make it easy and convenient for you to acquire that much needed asset, when you need it.

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