PCI Leasing & Finance Inc announced yesterday (3 September) that it has repurchased an additional 77,000 of its shares on the market on 1 September at 1.30 pesos each as part of its share buy-back programme.
Equitable PCIBank owns around 80% of the outstanding capital stock of PCI Leasing. The company's financing products include commercial and consumer loans, installment paper purchases, employee personal loans, receivables discounting and factoring. The company's leasing products include direct leases, sale and leaseback arrangements and real estate lease.
PCI Leasing’s website describes the company as the largest issuer of short-term commercial paper in the Philippines with the highest credit rating in the financing industry.
Source: Philippines Daily News
