BPI Tokyo Century Rental Corporation

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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.