Tag: Global Dominion Financing Inc

By: Aian Guanzon 

Financial resiliency is just one of the aspects our society has to continually strive for; it is more than just about building wealth, but about innovation, flexibility, perseverance, and expecting the unexpected, as well. 

The Philippines is one of those at the top of list when it comes to climate-related risks, financial risks given our dependencies, and medical and health-related risks. Yet we were able to successfully navigate through these —typhoons, the Asian financial crisis, and COVID-19. Hence, there is no better inspiration for us when it comes to personal financial resiliency, than the macro-level resiliency of our economy. But what did we have in common? What did we do? Or perhaps a better question is, what else can we do? 

We have many cities with dynamic and independent economies. We’re adaptive and flexible. We cooperate, we communicate. Believe it or not, we innovate, we think outside of the box. And lastly, but definitely not the least, we know that challenges are normal parts of life. It’s probably what keeps us going with so much energy and sometimes even excitement, knowing that we will resolve whatever issues that come our way. 

Financing companies, like Global Dominion, may be born amidst a crisis, due to high lending and financing demand from consumers. Talk about the financial crises and the many challenges with conflicts in different countries faced by overseas Filipino workers, not too far from the situations now. Global Dominion has pursued lending to the Filipinos through those years. The financing company is said to be one of the first to resume its operations amidst the most recent pandemic, as it understood that during those difficult times, funding is critical for businesses to mobilize the economy. “We went face-to-face with alcohol and face shields, remember that phase— just to talk to our customers, ask them how they were doing, and simultaneously assess their readiness to restart,” Patricia Poco-Palacios shared. Palacios, Global Dominion’s president and managing director, delivered a speech during the recently concluded National Finance Congress (NFC) organized by De La Salle University’s Management of Financial Institutions Association (DLSU-MaFIA) in relation to financial resiliency, the heart of the event. 

She said that at an individual level, we can show dynamism and diversity by exploring and testing various finance instruments and embrace new technology to realize that the new ways of doing things could be more effective for us. Making necessary provisions for uncontrollable events, and moving forward by supporting policy-creating bodies to help shape the future of the Philippine finance and the economy, can only help Filipinos become more financially resilient. 

Rhaybien De San Jose, project head for Corporate Relations and External Relations of NFC, thanked Global Dominion for its contribution to the event and for imparting knowledge to the students and other members of the academe about financial competence and resiliency. “GDFI’s insights on adaptive financial practices and their commitment to fostering resilience have equipped us with the tools to better navigate the complexities of the financial landscape, especially during crisis,” said De San Jose. 

“In a world filled with uncertainties, where economic tides can shift unpredictably, the ability to weather financial storms is not just advantageous but essential. To achieve true financial resiliency, we must start with a foundation of knowledge and understanding. We must educate ourselves about financial management, budgeting, and investing wisely,” Palacios said. “Financial resiliency isn’t merely about accumulating wealth; it’s about building robustness and adaptability in our financial lives. It’s about preparing ourselves to withstand unexpected challenges and emerge stronger on the other side,” she added, closing her speech at the NFC. 

MaFIA is the duly recognized professional organization of De La Salle University that caters to the Management of Financial Institutions majors. The organization believes in nurturing the talents of its members by opening opportunities that would develop the best version of themselves through personal development, academic excellence, social awareness, and leadership. 

Global Dominion has been in the lending and financing industry since 2003, offering vehicle mortgage loan (Sangla ORCR), car and truck financing, doctors’ loan, real estate mortgage loan, and real estate financing. Its purpose is to ignite and accelerate growth of people and organizations to transform lives for the better. Visit gdfi.com.ph to know more about Global Dominion. 

Global Dominion Financing, Inc. (“Global Dominion”) made its maiden foray into the debt capital markets with the signing of its up to Php 1 billion fixed rate corporate notes facility at the end of 2023. Proceeds from the notes issuance are to be utilized by the company to support and further grow its loan portfolio, refinance existing short-term debt obligations, and for general working capital requirements.

The corporate notes had its initial drawdown last in November 2023 and are set to mature in three years from initial drawdown date. The notes issuance was arranged by SB Capital Investment Corporation, the wholly-owned investment banking arm of Security Bank Corporation. 

In addition to the notes, Global Dominion also secured additional financing of up to Php 1.3 billion from its other relationship banks at the end of the previous year to finance its expansion and provide more loans to Filipinos who want to fulfill their dreams of buying a car or owning a business. These lenders include ATRAM CDV, Malayan Savings Bank, Novel Finance, Philippine Veterans Bank, Rizal Commercial Banking Corporation, and EastWest Bank.

With the additional funding, Global Dominion will be able to grow its loan portfolio by expanding reach, developing new products and services, recruiting additional loan consultants, and increasing the number of its accredited dealers in order to capture additional market share.

Global Dominion offers unsecured and secured credit facilities that cater to the financial needs of businesses, particularly small and medium enterprises (SMEs), and individuals, without engaging in quasi-banking functions. The company mainly provides refinancing/car or truck collateral loan, car and truck financing (new and second-hand), through its 84 branches nationwide.

“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,” said Global Dominion president & managing director Patricia Poco-Palacios.

For more information about Global Dominion or to inquire about loans, simply go to https://gdfi.com.ph/apply-now/or visit any of Global Dominion’s branches nationwide.

About Global Dominion Financing, Inc.

Global Dominion Financing, Inc. is dedicated to helping Filipinos achieve their goals through accessible and cost-effective loan products and services. With a focus on innovation, the company tailors its loan facilities to meet the evolving needs of its valued customers, spanning from car acquisitions to business capital, tuition fees, home improvements, and even unforeseen expenses, all offered with manageable interest rates and convenient payment options.

Since 2003, Global Dominion has stood as the foremost provider of financial services, catering to a diverse clientele including professionals, business proprietors, and executives. With a wide network of over 100 branches nationwide, the company is well-positioned to serve clients, wherever they may be.

The company’s relentless pursuit is to establish itself as a household name for financial solutions and to stand out as the preferred financing company for Filipinos worldwide.

Following its win as the “Fastest Growing Auto Finance Company” in the International Finance Awards, Global Dominion Financing, has been conferred the “Most Innovative Auto Financing Company” by the same award-giving body in Bangkok, Thailand for 2023.

The award was given in recognition of Global Dominion’s exceptional and innovative car loan services, which cater to the needs of its customers. Global Dominion provides straightforward and cost-effective loan products that empower customers to attain their goals. 

The company has consistently led the way in pioneering innovative loan facilities, adeptly addressing the evolving needs of customers through easily manageable interest rates and practical payment options. In response to the challenges posed by the COVID-19 pandemic, Global Dominion Financing has strategically implemented digitalization as a key innovation.

“It’s just a matter of time before technology becomes fully integrated into financial products and services here in the Philippines. This award reaffirms that we at Global Dominion are on the right path in navigating the dynamic landscape of finance, and I have full confidence that our journey has just begun. Conquering the ever-changing environment of finance is never going to be easy, but this award inspires us to continue pushing boundaries and reshaping the future of finance,” said Global Dominion Chairman of the Board, Ruben Y. Lugtu II.

International Finance Awards is an organization that recognizes industry talent, leadership skills, industry net worth, and capability on an international platform. After careful consideration of nominations by a qualified research team, International Finance Awards the winners on the strength of their application and past accomplishments.

For the finance category, the International Finance Awards rewards and recognizes the contribution of financial companies, which include path-breaking initiatives in corporate social responsibility, innovation, corporate governance and activities that benefit the global finance community, in addition to outstanding performance in their respective fields.

According to Global Dominion President and Managing Director Patricia Poco-Palacios, “Global Dominion has been in the financing and refinancing industry in the Philippines for more than 20 years now and recognitions like this inspire our team to continue living by our purpose which is to ignite and accelerate growth in people and organizations to transform lives for the better. With everyone’s support, we hope to continue making more people realize that their dreams are pwede pala [apparently possible], and that we are always here to be ka-partner mo sa pag-angat [your partner in growth].”

On top of the ongoing developments in Global Dominion’s information systems, new alternative technologies are also being explored. While the team has implemented innovation in its loan origination and management systems, it plans to apply changes from discoveries in recent studies on alternative credit evaluation, artificial intelligence, and decision engines.

The team expects tests to be completed this year and that the results will become critical foundations for what will be applied to the operations next.

For 20 years, Global Dominion has stood as the foremost provider of financial services, catering to a diverse clientele including professionals, business proprietors, and executives. With a wide network of over 80 branches nationwide, the company is well-positioned to serve clients, wherever they may be.

Visit Global Dominion’s website or your nearest branch to learn more about their innovative services and how they can help you achieve your financial goals.