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Manila Bulletin devider Business devider Banking & Finance devider Japanese firm acquires 30% stake in RCBC Leasing to fuel growth

Japanese firm acquires 30% stake in RCBC Leasing to fuel growth

Published Sep 8, 2025 04:51 pm
RCBC Leasing and Finance Corp. (RLFC), a wholly owned subsidiary of Rizal Commercial Banking Corp.(RCBC), is using fresh capital infused by Japan’s Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) to fund its nationwide expansion in the next five years.
Last month, RLFC and SMFL executives signed an agreement for the SMFL’s acquisition of a 30 percent stake in RLFC.
A part of the Sumitomo Mitsui Financial Group (SMFG), SMFL is one of Japan’s largest leasing and financing businesses with a strong presence in Asia, Europe, and the United States.
RLFC President and CEO Jayson L. Mendoza stated that the new capital will support growth in key sectors, including manufacturing, construction, information technology, renewable energy, and healthcare. The priority sectors are expected to drive the company’s expansion over the next three to five years.
“The 30-percent investment that SMFL brings to the table will strengthen our financial standing. It will enable us to expand into new territories, solidify our presence in newly established markets, explore and adopt innovations, and scale the business for long-term sustainability, benefiting both organizations,” he noted.
During the signing ceremony, SMFL Executive Managing Officer Tomoyuki Tanaka said the capital infusion reflects the company’s strong confidence in RLFC, RCBC, and the Philippine economy.
“Today, we are embarking in a new journey built on a shared vision. With our global expertise and RCBC’s strong market presence, we are excited to be part of this vibrant market and are committed to exploring more opportunities together. This partnership lays the foundation for long-term growth,” Tanaka said.
Sumitomo Mitsui Banking Corporation (SMBC), another member of SMFG, holds a 20 percent stake in RCBC, underscoring the long-standing partnership between the two banks.
RCBC President and CEO Reggie Cariaso said the partnership between RLFC and SMFL is aligned with the Yuchengco-led bank’s growth roadmap.
“By combining our expertise with SMFL’s global capabilities, we are strengthening RCBC Leasing’s foundation for expansion and positioning ourselves (RCBC) to capture new opportunities,” he added.

Related Tags

RCBC Leasing and Finance Corporation Rizal Commercial Banking Corporation Sumitomo Mitsui Finance and Leasing Company Limited Sumitomo Mitsui Financial Group Inc. Reggie Cariaso Jayson L. Mendoza Tomoyuki Tanaka
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