ACOM CONSUMER FINANCE CORPORATION

OverviewACOM Consumer Finance Corporation is a newly established consumer finance company. The company is affiliated with ACOM CO., LTD, the market leader in consumer finance industry in Japan under MITSUBISHI UFJ Group,one of the biggest financial conglomerate in the world and ITOCHU CORPORATION, an industry giant with approximately 120 bases in 63 countries engaged in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, general products, realty, information and communications technology, and finance, as well as business investment in Japan and overseas.HistoryITOCHU Corporation (headquartered in Minato-ku, Tokyo) and ACOM CO., LTD. (headquartered in Chiyoda-ku, Tokyo) have agreed to establish a joint venture for personal loan business in the Republic of Philippines.ITOCHU has been involved in personal loan business in Japan and overseas for a long period of time, and also has a long history of over 100 years in the Philippines with a strong network and expertise in corporate management.ACOM is a leading company in consumer finance industry in Japan and has credit screening expertise and loan collection know-how. By leveraging its experience and know-how, respectively, the two companies have decided to launch the business to facilitate financing for individuals in the Philippines.　Related Articleshttp://www.gmanetwork.com/news/money/companies/659867/japanese-loan-firm-enters-phl-market-with-p500-b-capital/story/http://www.manilatimes.net/japan-lender-targets-1-5m-middle-class-earners/418197/http://bworldonline.com/acom-starts-local-lending-operations/http://www.4-traders.com/ACOM-CO-LTD-6493738/news/Acom-Japanese-finance-firm-expands-in-PHL-targets-mid-income-earners-26915710/