Orico Auto Finance Philippines Inc. (OAFP) is owned by Orient Corporation, one of the largest non-banks and ranking number one in consumer finance sectors in Japan. Orient Corporation was founded in Japan in 1954, as a local association of retail stores in Hiroshima City. Nowadays, we are the leading consumer finance company in Japan. And we are expanding our network from Japan to South Asia. We are committed to making our customers’ dreams come true by providing the best in financial services. Orient Corporation has an operating asset of 49.1 Billion USD as of March 2019.Orient Corporation’s major shareholders are Mizuho Bank, one of the three largest bank in Japan and Itochu Corporation, one of the top trading companies in Japan.
The total population of the Philippines exceeds 100 million people. With it's low average age and huge working population, further economic growth is expected in the Philippines. OAFP entered the Philippines in 2019 against a backdrop of a growing middle-income class that purchases automobiles and a surge in demand for personal vehicles. Going forward, we will continue to support the realization of affluent citizen life for our customers by ascertaining the needs of motorization in the Philippines and providing highly convenient and secure auto loans.