MOU Signed between LankaBangla Finance Limited and Rangs Limited


LankaBangla Finance Ltd (LBFL) recently signed MOU with Rangs Limited for its customer privilege. Mr. Khurshed Alam– Head of Retail Finance of LBFL and Mr. Shoeb Ahmed– Chief Executive Officer of Rangs Limited signed the MOU for their respective organizations. Under this MOU, customers of LBF will enjoy special discount on vehicle, competitive interest rate, 3 years warranty, 12 free services, minimum loan processing fee and short loan processing time from Rangs Limited. Mr. Khandakar Zakaria– Head of Auto Loan of LBF and Mr. Md. Sultanuzzaman Sazan– GM & Head of Operation of Rangs Limited 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