LEASE FINANCING BY NAL MERCHANT BANK PLC
LEASE FINANCING BY NAL MERCHANT BANK PLC
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Date
1998-10
Authors
SIDI, UMAR IBRAHIM
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Abstract
Lease financing is one of the functions of merchant banks whose objective is
to enhance efficient utilization of capital, other functions provided by mercant banks
includes financial advice, merger and acquisition portfolio and investment
management.
A lease is a contractual agreement by which the lessor (owner) grant rights
to the lessee (tenant) for the use of real or personal property (asset) over a specified
period of time, less than its (Actual) working life in return for rental payments over the
specified period of time,NAL merchant bank plc being a whole sale banker is
involved in lease financing, it is of vital importance to evaluate the contribution of the
bank to many sectors of the Nigeria economy. The benefits to both the lessors and
the lessees, its advantages to other forms of financial services . Financial and
operating leases as well as leveraged lease
to examine the type of leases: legal aspects of lease finance tax aspectsof
lease finance and the accounting aspects of lease finance and the problems
encountered when leasing.
The contribution of lease financed assets to the total assetsof the bank in
percentage and to determine whether lease financed assets has been on the
increase or decrease and the reason for such trend developments. And also the
contribution of interest income from leases to the bank funds based interest income
as opposed to the total interest income comprising bank fund based interest income
and non bank interest income earned from commissions and fees for capital market
floatation
vi
Finally the structuring of lease finance request at NAL merchant bank plc
including the issues and the conclusion and recommendations of the study to
various parties involved in lease finance activities in Nigeria.
Description
PROJECT SUBMITTED TO THE POST- GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY,ZARIA IN PARTIAL FULFILMENT
OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE
OF MASTERS IN BUSINESS ADMINISTRATION.DEPARTMENT
OF BUSINESS ADMINISTRATION FACULTY OF
ADMINISTRATION AHMADU BELLO UNIVERSITY, ZAR1A.
Keywords
LEASE, FINANCING, NAL, MERCHANT, BANK PLC