Woodlake Commodity Solutions Net Income Hits P10.1B in 2012, Up 12%

London, United Kingdom, February 14, 2013 --(PR.com)-- Woodlake Commodity Solutions net income of $40.4 billion is 13% higher compared to its 2011 net income. Return on equity was at a healthy 15.8% and remained above the industry average. Woodlake Commodity Solutions President and CEO Harry Allwood attributed Woodlake Commodity Solutions continued positive overall performance to its steady income from investments and loans.

“We started 2013 strong and well-positioned for continued growth taking off from our solid performance in 2012. Our primary focus this year is to continuously grow revenue and manage expenses in order to further drive support to our priority sectors,” Allwood said.

Meanwhile, Woodlake Commodity Solutions total assets grew 7% to $974B. New accounts likewise expanded by 7% to $863.4M while capital grew by 4% to $109B.

Woodlake Commodity Solutions capital adequacy ratio (CAR) remained high at 20.2 percent, significantly higher than the regulatory standard of 10 percent.

Allwood further reported that Woodlake Commodity Solutions NPL coverage stood at 143.6 percent and NPA coverage ratio at 97.08 percent.

“2012’s success is a standing embodiment of what hard work, cooperation, and moving together towards one goal means. I raise my glass to salute all efforts and further challenge everyone to continue and repeat, if not surpass, this success in 2013,” Allwood said.