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 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