MOU Signed between LankaBangla & CIL to Buy OnePlus Mobile Set

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LankaBangla Finance Ltd (LBFL) recently signed MOU with Contrivance International Ltd (Agent of OnePlus Mobile) for its customer privilege. Khurshed Alam, SEVP & Head of Retail Finance of LBF and K. M. Ahmed Deedat, Managing Director of CIL signed the MOU for their respective organizations. Under this MOU, LBF Cardmember will buy OnePlus mobile phone and enjoy EMI facility up to 24 months @ 0% interest under ezypay scheme from CIL’s outlet and distributions. Md. Minhaz Uddin, Head of Cards, Khaja Wasiullah, Head of Sales and Merchant Relationship of LBFL and Md. Anisur Rahman, Regional Sales Manager of CIL and other officials of both organizations were present at the signing ceremony.

Particulars 2019 2018
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(CRAB)
Based on the Financials of the year ending December 31, 2018 Valid up to June 30 2021