MOU Signed between LankaBangla & CIL to Buy OnePlus Mobile Set


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 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