The New Nation - Internet Edition

Staff Reporter

Leasing industry is going to introduce a new product titled 'operating lease' which will allow lessee to rent equipment, vehicles and technology required for day to day business.

Chairman of Bangladesh Leasing and Finance Companies Association Anis Khan disclosed this at a press conference at a city hotel.

"Operating lease is an SME-friendly product, it requires no collateral, involves no asset risk, can be tailored to a specific usage period and can be less expensive than traditional leasing," he said.

He said, operating lease is essential for an emerging market like Bangladesh because of its large segment of its small and medium enterprises and the scarcity of collateral to secure financing.

The operating leasing will result in the creation of a second-hand market for many equipment which are currently unaffordable by many SMEs in Bangladesh.

Chairman of Amembal and Associates Sudhir Amembal, Programme Manager of IFC-SEDF Roger Handberg and Vice Chairman of Bangladesh Leasing and Finance Companies Association Mafizuddin Sarker also spoke on the occasion.