ORIX Leasing Pakistan Limited - OLP is a leading name in the non banking financial sector of Pakistan. The Company is a part of ORIX Corporation Japan, which is Japan's largest leasing and diversified financial services conglomerate with assets in excess of US $102 billion and subsidiaries & associates in 26 countries & regions world-wide.
OLP offers cost effective value-added products and customized services to a wide array of customers throughout the country. The blend of international experience and local expertise acquired over last 26 years provides OLP a distinctive competitive edge. OLP's core business is leasing of moveable assets which are mainly machinery, equipment, automobiles, trucks, buses and office equipment. Diversification, both within customers and products, continues to be the key strength of the company.
The Company's main focus has always been on Small and Medium Enterprises (SME). SMEs are the backbone of the economy and OLP takes pride in the fact that it has played a major role towards economic development of the country by supporting SME Sector and creating thousands of jobs directly and indirectly. It has helped grow numerous small businesses into medium sized enterprises. In the last 26 years, OLP has disbursed over Rs 100 billion to the SME sector that shows the commitment of the Company to economic and industrial development. Today OLP stands as one of the most prominent Non-Banking Finance Companies in Pakistan with presence all over the country and a large network of individual and corporate customers.
As of June 2012, the Company has a shareholders' equity of Rs 2.45 billion and total assets of Rs 22 billion. OLP has presence across the country through 33 offices and staff strength of over 450. In early 1990s OLP went international by establishing leasing companies outside Pakistan in Oman, Egypt, Saudi Arabia, UAE and Kazakhstan. The parent company has established regional office in Dubai which oversees these companies and carries out feasibilities for new investment in the region. Recently the parent company signed an MOU with Kuwait Projects Company - KIPCO to establish strategic alliance for development of leasing and financial services in the region. The MOU includes an intention to carry out a feasibility study to explore formation of a leasing company in Algeria.
OLP ventured into real estate in 2007 by establishing OPP (Pvt) Limited, a company that has built a state of the art services apartment complex called "The Moor" in Lahore.
As a prudent financial institution, OLP has not relied on one source of funding. It has developed a pool of sustained sources that include credit lines from local banks, foreign currency loans from international institutions, retail deposits etc. Our retail deposit portfolio has increased from Rs 2.20 billion in August 2011 to Rs 3.80 billion in August 2012 manifesting public confidence and trust in OLP. Over the years, OLP has established a reputation for taking care of its shareholders. The Company has distributed dividends up to 45% for 20 years thus maintaining an impressive track with the shareholders.
OLP enjoys one of the highest credit ratings in the Non-Banking Financial Industries (NBFI) sector and has been assigned long term rating of AA (Double A) and short term rating of A1plus (A One plus). These ratings denote the lowest expectation of credit risk emanating from a strong capacity for timely repayment of financial commitments.
OLP is a responsible corporate citizen that has served the community conscientiously. Our microfinance business is a key example of our efforts towards social development. With 7 branches spread across Punjab, we are providing microfinance services to thousands of low-income bracket individuals on group lending basis using the Grameen Bank model. It gives us pleasure to inform that we are advancing an average of Rs 20 million to hundreds of customer every month under our various microfinance products. One of our recent products in microfinance is Ijarah of auto rickshaw in collaboration with a leading manufacturer. Other products in pipeline include livestock financing.
Recently OLP launched its Islamic Finance Division offering Ijarah and Diminishing Musharika as its core products. All transactions of the Division are being carried out under the supervision of our Sharia Advisor to ensure that valued customers receive fully Shariah compliant products.
On the technology side, OLP launched its eBusiness Division in 2002 and takes pride in launching Pakistan's first and largest third-party transaction processing network. This network tremendously helped banks in launching debit cards besides helping other institutions and businesses launch their loyalty cards. The ORIX Network is a terminal based Point-of-Sale Network that has been established with the dual objective of enabling an environment and creating a platform from which member financial institutions, banks and other corporate entities would be able offer a host of creative and innovative services to their customers. The ORIX Network is currently processing well over a million card transactions a month for member credit, debit, prepaid and loyalty card Issuers.
Products and Services
-- ORIX is currently offering a wide array of products/services including:
-- Corporate lease
-- Consumer auto lease
-- Commercial vehicle lease
-- Operating lease of generators
-- eBusiness - third party processing of plastic card transactions
-- Microfinance
-- Islamic finance
-- Invoice factoring
-- Certificate of Deposit
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