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.
"ORIX METRO flexes your options..."
Whether on a Financial or Operating Lease arrangement, ORIX METRO flexes your options and allows you to:
Save your capital and credit
Guarantee your profit by using equipment, not by owning it. With ORIX METRO, your resources are freed for other profitable uses, your credit lines virtually remain intact for other investments, assuring you of maximum profit.
Beat your budget limitations
When your budget prevents the immediate purchase of needed equipment, ORIX METRO makes acquisition a possibility.
Pay conveniently in easy payment terms
ORIX METRO gives you easier and longer payment terms compared to other bank loans and installment plans.
Overcome the effects of limitation
Your equipment may be a lot more expensive tomorrow. Purchase it now with ORIX METRO, and you only have to pay rental fees which are not only modest but also cheaper in pesos.
Eliminate obsolescence of your equipment
With ORIX METRO, it's very easy to replace equipment before obsolescence steps in. You are not concerned with ownership of the equipment, therefore you are not compelled to keep it beyond its productive life.
Simplify accounting of your fixed asset
Accounting is simplified considerably because rent payments are recorded as tax deductible operating expenses.