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LLFCs Articles of Incorporation was amended and approved by SEC on 03 November 2015 with the following amendments:

1. Change of name to LBP Leasing and Finance Corporation; and
2. Amendment of Articles I, II, and III thereof;

B. LEGAL BASIS
LLFC was registered with the Securities and Exchange Commission on 17 March 1983. It was incorporated under the provision of Batas Pambansa Blg. 68, otherwise known as the “Corporation Code of the Philippines”.

LLFCs Certificate of Authority to operate as a financing company in accordance with the provision of R.A. 5980 and to undertake leasing activities both financial and operational was approved by SEC on 18 March 1983.

III. PRIMARY PURPOSE

  • Engage in direct leasing or financial leasing and to arrange or underwrite and administer leases of all kinds of equipment, machines, vehicles, facilities, appliances and all types of personal and real properties;
  • Engage in the business of financing merchandise in all their various forms;
  • Extend credit facilities for, and otherwise assist in the establishment, operation, development, expansion and/or reorganization of industrial, commercial, agricultural and other productive or profitable enterprises.

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