MOU Signed between LankaBangla Finance and Radif Automobiles Ltd


LankaBangla Finance Ltd (LBFL) recently signed MOU with Radif Automobiles Ltd for its customer privilege. Mr. Khurshed Alam– Head of Retail Financial Services of LBFL and Mr. Shahriar Rashid Ratul– Director of Radif Automobiles Ltd signed the MOU for their respective organizations. Under this MOU, customers of LBFL will enjoy special discount on vehicle price from Radif Automobiles Ltd. Mr. Khandakar Zakaria– Head of Auto Loan of LBFL and Mr. Abul Khayer Bhuyan (Harun)– Group GM (Finance & Banking) of Radif Automobiles Ltd and other high 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