Global Dominion President’s Report for 2022
Dear Shareholders and Stakeholders,
It is with great pleasure that I present to you the Global Dominion Financing 2022 Annual Report. It has been a challenging year for the global economy, but we are proud to say that we have continued to operate effectively to serve more clients in 2022. Our unwavering commitment to our purpose, which is to provide accessible financial products and services that empower families, led to numerous achievements in Among these achievements were the expansion of our loan book, growth in the SANGLA OR/CR products, and the launch of several technology and people development initiatives.
As a result of our hard work, we recorded remarkable financial results in 2022. For Global Dominion, our Loans outstanding to customers grew to P6.8 billion—a significant 45% growth in a still-struggling economic environment. Revenues grew to ₱2.051 billion, posting a 70% year-on-year growth, while net income grew by 43% year-on-year to ₱465.4 million. It is important to note that our success would not have been possible without the dedication and hard work of our employees. Our team members have consistently demonstrated outstanding performance and commitment to our purpose, and we are very grateful for their contributions.
As we look to the future, we remain optimistic about the growth opportunities available to us. We are confident that we have the team, expertise, and resources necessary to navigate the ever-changing economic landscape while delivering quality financing products and services that meet the needs of our clients.
On behalf of the board of directors, management team, and employees of Global Dominion Financing, I would like to extend my sincere gratitude to our clients, shareholders, and stakeholders for their unwavering support throughout 2022. We remain committed to expanding and improving our service and look forward to continued partnerships and growth in the future.
Maraming salamat muli, mga Ka-partner!
Sincerely,
Patricia P. Palacios
President and COO, Global Dominion
(FROM THE GLOBAL DOMINION 2022 ANNUAL REPORT)
