MOU Signed between LankaBangla Finance & Smart Technologies (Huawei)

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LankaBangla Finance Ltd (LBFL) recently signed MOU with Smart Technologies (BD) Ltd for its customer privileges. Khurshed Alam, Head of Retail Business of LBF and Mohammad Zahirul Islam, Managing Director of Smart Technologies signed the MOU for their respective organizations. Under this MOU, LBF Cardmember can buy Huawei mobile phone and enjoy EMI facility up to 12 months @ 0% interest under ezypay scheme from Huawei outlet which is under Smart Technologies. Md. Minhaz Uddin, Head of Cards, Khaja Wasiullah, Head of Card Sales and Merchant Relationship of LBF and Forhad Hossain, Assistant General Manager of Smart Technologies 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