Banco de Oro Unibank, the countrys largest lender, has teamed up with three Japanese firms to provide financing services to buyers of Mitsubishi vehicles, as it remains upbeat about growing consumer affluence in the country.
BDO Unibank Inc. entered into a joint venture with car distributor Mitsubishi Motors Philippines Corp. (MMPC), trading firm Sojitz Corp. and credit firm JACCS Co. Ltd. (JACCS) to provide financing services to individual and corporate buyers of Mitsubishi Motors vehicles.
This investment will be made through BDO?s subsidiary, BDO Leasing and Finance Inc. (BDOLF), which will own 40 percent of the joint venture company.
