LankaBangla Finance Limited and MetLife Bangladesh Signed MOU

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LankaBangla Finance Limited (LBFL) recently signed MOU with MetLife Bangladesh to provide Insurance coverage for Personal Loan clients of LankaBangla Finance (LBF). Under this agreement, LBF customers will get insurance coverage against their personal loan. Khurshed Alam, SEVP & Head of Retail Finance of LankaBangla, Md. Jafar Sadeque Chowdhury, Chief Distribution Officer of MetLife Bangladesh and Muhammad Asif Shams, Director of MetLife signed the MOU for their respective organizations.
Khwaja Shahriar, Managing Director of LankaBangla, Minhaz Uddin, Head of Personal Loan, Dalawar Kawsar, Sr. Manager of Personal Loan of LankaBangla, Ishtiaq Mahmud of Metlife and other high officials of both organizations were present at the 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