MOU Signed between LankaBangla Finance and paprii.com

seminar

LankaBangla Finance Ltd (LBFL) recently signed MOU with paprii.com for its customer privilege. Md. Minhaz Uddin, Head of Cards of LBF and Kazi Fouzia Hossain, CEO and Co-Founder of paprii.com signed the MOU for their respective organizations. Under this MOU, LBF Cardmember will enjoy 15% discount (round the year) and for this Valentine’s Day cardmember will enjoy 20% discount till 28th February from paprii.com for any e-commerce transaction. Khaja Wasiullah, Head of Sales & Merchant Relationship, Md. Abdul Jalil khan, Principal Officer, Merchant Business, Md. Shafiqul Hasan, Senior Officer, Merchant Business of LBF and Nazmus Sakib, Chief Financial Officer of paprii.com 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