ahli bank launches financial leasing service
In its continuous endeavor to provide its clients with world class financial solutions, Ahli Bank, leading financial institution, has launched its financial leasing service, which allows clients to own through leasing.
Mr. Iyad Asali, Deputy CEO / Head of Corporate Banking Group, said that the introduction of a specialized financial leasing unit is pursuant to the bank’s slogan “The Power of Change”, which was adopted by the bank's management to reinforce the bank’s position as a leading local player and aspire to become among the leading regional players as well.
All productive sectors can benefit from this service, particularly: individuals, transportation, industrial, construction, tourism, communication, educational, and medical sectors.
The financial leasing service enables the customer (the lessee) to choose the specifications of the required asset for lease whether industrial machinery, medical equipment, office supply, means of transportation, or other assets. Ahli Bank (lessor) then finances the transaction, with a financing percentage that could reach 100% of the value of the leased asset. The service meets productive projects needs for medium-term and long-term financing in line with the productivity age of the leased asset.
Mr. Asali said that this service helps clients to plan their future financing needs by aligning leasing installments to the cash flow generated from the leased asset, providing the option of fixing the leasing pricing (return) during the leasing period, including the insurance and maintenance cost in the installment in addition to considering the asset financed as the main collateral as per the lease agreement. It also encourages continuous upgrading of an asset by replacing it without the need to pay the balance of the lease, which reflects positively on the production process.
It is to be noted that the ownership of the leased assets is transferred to the client (lessee) after fulfillment of installments or against an already agreed upon amount of money according to the contractual agreement between the customer (lessee) and the bank (lessor).
Mr. Asali expected that the financial leasing service will receive a considerable turnout during the next few years in light of the acceleration in the investment activity and new projects expected to be launched in Jordan.
