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First Leasing Bank is a Bahrain-based Investment Bank, incorporated under a license granted by the Bahrain Monetary Agency. First Leasing Bank (FLB) is the first bank in Bahrain dedicated exclusively to the introduction and expansion of equipment leasing throughout the Gulf Cooperation Council (GCC) countries. The Bank will enter into government and commercial transactions in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

First Leasing Bank is a joint venture formed by Gulf Finance House, Bahrain; Gulf Investment House, Kuwait; Ithmaar Bank, Bahrain and Overland Capital Group, USA. The shareholders and management team have a unique combination of experiences, background, and financial acumen. First Leasing Bank presents the Gulf with an unequalled combination of local knowledge and international experience in lease-financing. More than just a leasing company; First Leasing Bank is a provider of high-quality asset-based financing. The Bank structures a range of products and services for Lessees, Investors and Vendor Partners.

Advantages
First Leasing Bank provides an alternative source of capital which allows the lessee to preserve working capital and debt capacity. Depending on the structure, a lease may be ‘off balance sheet’ and improve key financial ratios.

As opposed to traditional financing, FLB will finance 100% of the asset without down payments or compensating balances. The Bank will finance the asset for the entire term of use (typically two to seven years) without requiring periodic renegotiation of terms. In the case of an operating lease, the lessee only pays for the time period the asset is required. Thus the Bank assumes the risk of obsolescence, resale or disposal. At the end of the term, the lessee has three options: Firstly, to return the equipment; secondly, to purchase the equipment or thirdly, to renew the lease for a newly agreed-upon term and rental amount.

 
 
  First Leasing Bank BSC(c)
PO Box 1908, Manama, Kingdom of Bahrain
Telephone: +973 17 563444
Fax: +973 17 582887
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