Formerly PCI Leasing & Finance, Inc., BDO Leasing & Finance, Inc. (BLFI) was incorporated on March 10, 1981 to provide leasing and financing products to commercial clients. The company became a subsidiary of Banco de Oro Unibank, Inc. (BDO) when BDO and Equitable PCI Bank, Inc. entered into a merger effective May 31, 2007, with BDO as the surviving entity. BLFI's leasing products include direct leases, sale-leaseback arrangements, and real estate leases. The company's financing products include commercial and retail loans, installment paper purchases, and factoring of receivables. Loan availments of clients are used to finance the purchase of automobiles, trucks, office equipment, industrial, agricultural and office machinery, real property, and financial assets such as receivables. BDO Rental, Inc., a wholly owned subsidiary of BLFI, is licensed by the Securities and Exchange Commission to engage in renting and leasing of equipment. It started its commercial operations on June 30, 2005. Source: SEC Form 17-A (2008)