Shareholders of LankaBangla Finance Limited approved issuance of Right Share @ 2:1

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The Shareholders of LankaBangla Finance Limited approved issuance of right shares in the ratio of 2:1 i.e. 01(one) right share for every 02 (two) shares held at Tk. 10.00 per share is approved subject to approval of the regulatory authority at the 9th Extraordinary General Meeting of the Company held in the city recently. Mr. Mohammad A. Moyeen, Chairman of the Company presided over the Meeting.

LankaBangla has been offering diverse financial services including Term Loan, Lease Finance, Corporate Finance, Bridge Finance, Working Capital Finance, Factoring of Receivables, SME Finance, Home Loan, Auto Loan, Personal Loan, Credit Cards, Stock Broking (through its Subsidiary, LankaBangla Securities Limited), Merchant Banking through its subsidiary LankaBangla Investments Limited and wealth management through LankaBangla Asset Management Company Limited. It also receives deposit from individual & institutions under attractive/flexible and diversified Deposit Schemes. LankaBangla Finance Limited has 19 branches in the country.

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