MOU Signed between LankaBangla Finance and LG Mobile (Metrocem Technologies)

seminar

LankaBangla Finance Ltd (LBFL) recently signed a MOU with Metrocem Technologies Ltd (LG Mobile Set Distributor) for its customer privilege. Khurshed Alam– Head of Retail Finance of LBF and Md. Abdur Rouf -CEO of Metrocem Technologies Ltd (MTL) signed the MOU for their respective organizations. Under this MOU LBF Cardmember will enjoy EMI facility up to 12 months @ 0% interest under ezypay scheme from all outlets of MTL. Firoz Ahmed Khan- DMD of LBFL and Zahirul Islam- Director Operation, Md. Rafiq Ullah- Director, Marketing & Sales of MTL along with 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