MOU Signed between LankaBangla Finance and Bio-Xin Cosmeceuticals


LankaBangla Finance Ltd (LBFL) recently signed MOU with Bio-Xin Cosmeceuticals for its customer privilege. Khurshed Alam, Head of Retail Business of LBF and Mohammad Zahidul Hoque, Founder & CEO of Bio-Xin Cosmeceuticals signed the MOU for their respective organizations. Under this MOU, LBF Cardmember will buy cosmetics or skincare service with up to 20% discount or EMI facility up to 6 months @ 0% interest under ezypay scheme from all Bio-Xin Cosmeceutical’s branches and through online. Md. Minhaz Uddin, Head of Cards, of LBFL and Kamrul Hasan Ronnie, Director, Marketing & Sales of Bio-Xin Cosmeceuticals 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