AIB’s listed subsidiary Makati Finance Corporation (“MFC”) was established in 1966. It is one of the member consumer finance companies of the Philippine Finance Association. MFC’s product lines include: Rx Cashline (loans to medical professionals), MFC Factors (receivables factoring services), and MC Financing (loans to motorcycle buyers).
MFC positioned itself as a player in high yielding niche markets in order to serve the financing needs of the often neglected middle markets in the Philippines. In 2003, MFC completed a successful initial public offering in the Philippine Stock Exchange.
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