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 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