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BRIEF HISTORY
The company was incorporated on June 28, 1977 and was granted the authority to operate as a finance company on July 1, 1977 pursuant to the provision of R.A. 5980 to extend credit facilities. On July 23, 1977, the company was finally launched to the business community at the Mandarin Oriental Hotel in Makati City.
On August 1, 1977, Consolidated ORIX Leasing and Finance Corporation (COLF), thru a partnership among The Consolidated Bank & Trust Company (renamed later as Solidbank Corporation), Japan's Orient Leasing Co. Ltd. (also renamed later as ORIX Corporation), and The Solid Guaranty, Inc., started commercial operations and over the years has established a niche for itself in the Philippine leasing industry. Its first branch was established in Cebu City in September 1980. Other branches were later opened in other key cities: Davao City in August 1993; Cagayan de Oro City in May 1994; and Dagupan City in December 1995. The company further expanded its operations and put up extension offices in Bacolod and General Santos City in 1996 and 1997, respectively.
In mid 2000, when Metrobank acquired Solidbank, Metrobank and ORIX Corporation of Japan decided to continue the relationship and opted to merge COLF with two other leasing companies in the Metrobank Group, namely: First Metro Leasing and Finance Corporation and PBC Leasing and Finance Corporation. On September 29, 2000, the Securities and Exchange Commission (SEC) approved the merger of the three companies, as well as its new corporate name: ORIX METRO Leasing and Finance Corporation.
In August 2002, ORIX METRO added two more branches in Santiago, Isabela and Calamba, Laguna. The following year, the company inaugurated its offices in Iloilo and Digos in February, its Angeles and Cabanatuan offices in March, followed by Tacloban, Laoag, Butuan, and Valencia in Bukidnon. In 2004, four more branches were opened in Batangas, Subic, Naga, and Pagadian, bringing to 20 the total number of ORIX METRO's provincial branches.
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