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Makati Finance Corporation (Philippines)

Main Activities: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Full name: Makati Finance Corporation Profile Updated: October 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Makati Finance Corporation, located in Makati, was established on February 17, 1966 as Makati Investment and Finance Corporation (MIFC) by the Benitez Family. Initially, MIFC focused on stock dealership, credit facilities, and private placements. In the mid-1970s, MIFC was acquired by the Amalgamated Development Corporation (ADC) and shifted its focus to lending activities. MFC's main products included real estate financing, appliance financing, fleet car financing, and insurance services. In 1993, the Benitez family regained control of MFC and implemented a new management team. The company introduced new products and services such as factoring of trade receivables, Doctor's loan, and motorcycle financing. MFC has also expanded its operations and increased its capitalization. The company is registered with the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas, ensuring compliance with statutory requirements. MFC was listed on the Philippine Stock Exchange under the Small and Medium Enterprise category on January 6, 2003.

Headquarters
3Rd Floor Mazda Building, 2301 Chino Roces Avenue, Brgv Magallanes
Makati; National Capital Region; Postal Code: 1231

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Website: http://www.makatifinance.ph

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1966
Key Executives
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Chairman
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President
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Chief Financial Officer
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Vice Chairman
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Director/Member of the Board
Ownership Details
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43.41%
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25.3%
Company Performance
Financial values in the chart are available after Makati Finance Corporation report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PHP. Absolute financial data is included in the purchased report.
Net interest income
11.65%
Operating profit (EBIT)
-26.25%
Net Profit (Loss) for the Period
-27.61%
Total assets
3.75%
Total equity
1.42%
Total Assets Trend
N/A
Net Interest Income Trend
N/A
Loans to Asset Ratio
-33.81%

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