Asset Finance

The Bank provides asset lease financing to carefully selected businesses particularly in construction, transport and agriculture sectors to acquire equipment. The Bank retains title to the equipment for the period of the lease.The Bank started asset leasing operations in 1996 and has over the years built considerable expertise in the product.

Asset lease financing is suitable for local businessmen and professionals whose concern is acquisition of movable and identifiable equipment and who do not want to tie up their cash flows in outright purchase. The leased equipment forms the primary security for the lending.