MOU Signed between LankaBangla Finance Limited and Hyundai Motors Bangladesh Limited


LankaBangla Finance Ltd (LBFL) recently signed MOU with Hyundai Motors Bangladesh Ltd for its customer privilege. Khurshed Alam– Head of Retail Finance of LBFL and Syed Shakeel Ahmed– Managing Director of Hyundai Motors Bangladesh Ltd signed the MOU for their respective organizations. Under this MOU, customers of LBFL & LBFL employees will enjoy special discount on Hyundai cars like Sonata, Tucson & Santafe with a discount up to BDT 2.50 Lac, competitive interest rate, 4 free services, minimum loan processing fee and 24 hours loan processing time from Hyundai Motors Bangladesh Limited. Khandakar Zakaria– Head of Auto Loan of LBFL and Farzana Khan– Deputy Director, Sales of Hyundai Motors Bangladesh 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