LankaBangla Finance Limited ties with Rancon Motors Limited


A MoU signing ceremony was held between LankaBangla Finance Limited and Rancon Motors Limited. Under this agreement the customer will be facilitated with special rate of interest & maximum loan facility for both Individual (upto 90%) and Corporate (upto 100%) for the purchasing of Mercedes Benz with LankaBangla Auto Loan. It will also cover special services such as Premium loan approval procedure, minimum processing fees, dedicated customer service team etc.

In this ceremony, Mr. Khurshed Alam, Head of Retail Financial Services; Mr. Kazi Masum Rashed, Head of Credit Risk Management; Mr. Khandakar Zakaria, Head of Auto Loan from LankaBangla Finance Limited and Mr. Samiul Alam, Senior GM Operations; Mr. Safayet Chowdhury Jason, Head of Sales; Mr. Rubaiyat Saad Majid, Deputy Manager Marketing from Rancon Motors Limited were present.

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