BPI Tokyo Century Rental Corporation
Vision
- Be the Operating Lease and Rental Solutions company of choice.
Mission
- Deliver products and services to valued partners with integrity and professionalism
- Contribute in building a sustainable Philippine economy and society through relevant solutions
- Promote holistic business and people development
Core Values
- Customer Orientation
- Cost Awareness
- Differentiating Strategies
A History of Excellence
In December 2014, the Bank of the Philippine Islands (BPI), one of the country's largest financial institutions, and Tokyo Century Corporation (TC), formerly known as Century Tokyo Leasing Corporation (CTL), one of the leading Japanese financing companies, announced a joint venture that aims to serve the growing leasing and financing requirements in the Philippines.
As TC acquired 49% of the shares of the former BPI Leasing Corporation, BPI Century Tokyo Lease & Finance Corp. (BPICTLFC) and its subsidiary BPI Tokyo Century Rental Corporation (BPITCRC), formerly BPI Century Tokyo Rental Corporation were formed. The joint venture combined TC's resources and expertise with BPI's proven record of growth and success in the country.
In November 2020, TC decided to acquire an additional 2% of the issued shares of BPICTLFC, which increased their equity stake to 51%, while BPI owns 49%. With TC as majority shareholder, the joint venture will be able to optimize the value of TC's expertise in operating lease and other commercial transactions while capitalizing on BPI's customer base.
Bank of the Philippine Islands
Established in 1851, the Bank of the Philippine Islands is the first bank in Asia.
It is one of the biggest financial institutions in the Philippines with the largest market capitalization among listed banks.
BPI provides a wide range of corporate, commercial, and retail banking solutions through its extensive local and overseas distribution networks.
Tokyo Century Corporation
Established in 1969, Tokyo Century Corporation is one of the leading Japanese leasing and financing companies with a network of over 30 countries and regions worldwide.
In October 2016, the company name was changed to Tokyo Century Corporation from Tokyo Century Leasing Corporation to reflect the company's commitment to developing a wide range of businesses as a distinctive and highly specialized financial services company, as well as further evolving into an operating company that provides a broad range of services beyond finance.
