The company was incorporated on June 28, 1977 and was granted the authority to operate as a finance company on July 1, 1977 pursuant to the provision of R.A. 5980 to extend credit facilities. On July 23, 1977, the company was finally launched to the business community at the Mandarin Oriental Hotel in Makati City.
On August 1, 1977, Consolidated ORIX Leasing and Finance Corporation (COLF), thru a partnership among The Consolidated Bank & Trust Company (renamed later as the Solidbank Corporation), Japan Orient Leasing Co. Ltd. (also renamed later as ORIX Corporation), and The Solid Guaranty, Inc., started commercial operations and over the years has established a niche for itself in the Philippine leasing industry. Its first branch was established in Cebu City in September 1980. The company, on a wave of financial success, expanded to key cities around the country such as Davao, Cagayan de Oro, Dagupan, Bacolod, and General Santos.
In mid 2000, when Metrobank acquired Solidbank, Metrobank and ORIX Corporation continued the relationship. COLF merged with two other leasing companies in the Metrobank Group. On September 29, 2000, the Securities and Exchange Commission (SEC) approved the merger of COLF, PBC Leasing and Finance Corporation, and First Metro Leasing and Finance Corporation and granted its new corporate name: ORIX METRO Leasing and Finance Corporation.
In 2002, ORIX METRO added branches in Santiago, Isabela and Calamba, Laguna. In the following years, the company inaugurated its offices in Iloilo, Digos, Angeles, Cabanatuan, Tacloban, Laoag, Butuan, Valencia, Batangas, Subic, Naga, and Pagadian. To date, the company boasts of a branch netrwork of 42, with plans of opening more offices in 2011.