MOU Signed between LankaBangla Finance and Ecstasy

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LankaBangla Finance Ltd (LBFL) recently signed MOU with Ecstasy for its customer privilege.

Mr. Khurshed Alam, Head of Retail Finance of LBFL and Mr. Mohammad Abul Kalam Azad, Head of Operations of Ecstasy signed the MOU for their respective organization.

Under this MOU, LBFL Card member will enjoy 15% cashback or BDT 300 (whichever is lower) on any purchase from any ecstasy outlet.

Mr. Md. Minhaz Uddin, Head of Cards of LBFL and Mr. Mehedi Hasan, Head of Marketing of Ecstasy 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 audited financial statements up to December 31, 2020, and unaudited financial statements as of March 31, 2021.
Valid till June 30, 2022