First Finance Limited (Bangladesh)

The Company is primarily to conduct lease financing business. The Company carries out lease financing for industrial, commercial, agricultural, medical and office automation equipment and machinery of all categories in conformity with the government s industrial and investment policies. It provides term finance for BMRE of industrial units of both large and medium scale and small and cottage industries. For lease financing, this company gives more emphasis on the paying ability and future business property of the lessee. Lease contracts are generally made for two to five years. By paying 80 of total price of particular property to its supplier.

The Company was incorporated in Bangladesh as a Private Limited Company on 28 June, 1993 under the Companies Act of 1913. It was transformed into a Public Limited Company on 28 July, 1996 and got the license from Bangladesh Bank as a non-bank financial institution on 5 October, 1999. To fulfill the legal requirement, it enhanced paid up capital and accordingly, keeping the authorised capital unchanged at Tk 250 million, its paid up capital increased from Tk 25 million to Tk 50 million.

The Company changed its name from First Lease International LTD to First Lease Finance Investment LTD on 22 February, 2009.
The Company establishes its ownership in that property and then leases it out to parties who pay monthly lease installments. It was quoted on Dhaka Stock Exchange on 9 October, 2003.
The Company changed its name from (First Lease Finance and Investment Limited) to (First Finance Limited) on 31 December, 2013.