First Malayan Leasing and Finance Corporation (Malayan Leasing) is a pioneer in the leasing and financing industry in the Philippines as the company started its operations in 1957. Malayan Leasing is a non-bank financial institution with a quasi-banking license granted by the Bangko Sentral ng Pilipinas. It serves the requirements of corporate, commercial and consumer markets through its innovative loans, leases and investment products.
First Malayan Leasing and Finance Corporation was incorporated under the name United Finance Corporation (UFC). In January 1962, Industrial Finance Corporation (IFC) entered into a sale agreement with UFC whereby the former became UFC's controlling stockholder and general manager. In June 1962, the company changed its name to IFC Service Leasing and Acceptance Corporation.
In June 1974, the stockholders approved the increase of the company's authorized capital stock to accommodate the entry of Marine Overseas Corporation which acquired 20% of the company's equity. The word “Service” was dropped from the corporate name, hence it became “IFC Leasing and Acceptance Corporation (IFC-LAC)”.
In early 1981, Marine Midland sold its holding in IFC-LAC to Pan Malayan Management and Investment Corporation (PMMIC). In the same year, the stockholders approved the merger of IFC-LAC and Bacolod IFC, a subsidiary of IFC and a holder of a quasi-banking license allowing IFC-LAC to expand its deposit base. Thereafter, in October 1982, the stockholders approved the change of name of the company to its present name: First Malayan Leasing and Finance Corporation (Malayan Leasing for brevity).
In its quest toward the expansion of its financial services, First Malayan Leasing became a subsidiary of the House of Investments, Inc. in October 1995. The House of Investments is the dynamic conglomerate of Yuchengco Group of Companies (YGC).
5th Floor Grepalife Building, 221 Sen. Gil J. Puyat Avenue, Makati City
Tel. Nos. 810-9660 810-9664 810-9668 810-9670 892-7541 and 892-7544
Fax No. 845-6309
REGIONAL / PROVINCIAL OFFICES
Jona Raquel A. Hechanova
Room 204 Sunstar Bldg., Hilado Ext., corner Burgos Street, Bacolod City
Tel. No. (034) 434-3809
Telefax No. (034) 435-2075
Margie T. Garcia
Room 214 KRC Bldg., Subangdaku Highway, Mandaue City
Tel. No. (032) 345-8642
Telefax No. (032) 346-6202
Cagayan De Oro
Teotimo M. Illana, Jr.
2nd Floor Marfori Bldg., Hayes Corrales St., Cagayan De Oro City
Tel. No. (088) 857-2988
Telefax No. (08822) 722-457-3
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