LankaBangla Finance Limited and RANGS Properties Limited Signed MoU

seminar

Recently LankaBangla Finance Limited (LBFL) successfully signed Memorandum of Understanding (MoU) with RANGS Properties Limited (RPL) with a vision to cater the growing demand of real estate sector especially for middle and lower income group. Khurshed Alam- Senior Executive Vice President & Head of Retail Finance, LankaBangla Finance Limited and Mashid Rahman- Divisional Director, Real Estate Division, RANCON Holding Limited signed the MoU for their respective organizations. Md. Shariar Parves- Head of Home Loan, LBFL; Syed Muttakillah- Head of Strategic Sales, RPL; Amalendu Biswas- Head of Sales, RPL and other high 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