Makati Finance Corporation was established on February 17, 1966 as Makati Investment and Finance Corporation (MIFC) by the Benitez Family. At that time, its main activities were stock dealership, extension of credit facilities and acceptance of private placements.

In the mid-1970s, MIFC was acquired in full by the Amalgamated Development Corporation (ADC), another Benitez Family affiliated firm with a wider shareholder base.  MIFC then dropped “Investment” from its name and concentrated on lending activities.  MFC’s main product lines as a credit institution included real estate financing, appliance financing, fleet car financing and insurance services.

In 1993, the Benitez family reacquired control of MFC and put in place a new management team, which included dynamic and experienced professionals in the finance industry. The investment opportunities presented by the economy’s takeoff towards sustainable growth and development, and the challenges poised by the growing financial needs of its clientele, led MFC’s new management to re-position its business activities.

One step that has been made in order to grow the Company and make it attuned to changing socio-economic conditions is the introduction of new products and services such as factoring of trade receivables, Doctor’s loan and motorcycle financing together with our dealer partners, Motor Ace Philippines and Honda Motor World Inc.. With the expansion of its operations, MFC has also increased its capitalization.

To further strengthen the Company, the stockholder base has been widened to include new shareholders.  

MFC is registered with the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas as provided for under the General Corporation Law and the Revised Financing Act. As such, all its policies and procedures are in conformity with statutory requirements. It has reportorial responsibility to the SEC, which supervises all financial companies.

The company was listed on the Philippine Stock Exchange under the Small and Medium Enterprise category on January 6, 2003.