LankaBangla Finance and GM Holdings Ltd Signed MOU


LankaBangla Finance Limited (LBFL) recently signed a Memorandum of Understanding (MOU) with GM Holdings Ltd to provide Home & Mortgage Loan facility for their customers. Under this agreement customers of GM Holdings Ltd will get special rate and service from LBFL to enjoy Home & Mortgage Loan and Customers of LBFL will get special rate to buy the Apartment/Commercial spaces from GM Holdings Ltd.. Mr.Khurshed Alam- SEVP & Head of Retail Finance, Md. Shariar Parves – AVP & Head of Home Loan, Mohammad Mahfujul Islam – SAVP & Head of Banani Branch of LankaBangla Finance Ltd. and Mrs. Tabassum Mostafa – Managing Director, Mr. MKA Shahinoor Rahman – Chief Operating Office of GM Holdings Limited along with other senior officials of both organizations were present at the signing ceremony.

Particulars 2021 2020
Long Term AA3 AA3
Short Term ST-2 ST-2
Outlook Stable Stable
  • AA3

    Very strong capacity
    Very high quality
    Very low credit risk

  • ST-2

    High grade
    Strong capacity
    Commendable liquidity

Rated by Credit Rating Agency of Bangladesh Limited(CRAB)
Based on audited financial statements up to December 31, 2020, unaudited financial statements as of March 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration (July 19, 2021)
Valid up to June 30, 2022