.

Credit Rating Information and Services Ltd (CRISL) has upgraded the Long-Term Credit  Rating of Lankan Alliance Finance Limited (LAFL), a joint venture NBFI with foreign collaboration, to A+ from A of the previous year while Short Term Credit Rating remains the same as ST-3, said a press release. CRISL has completed its grading for LAFL, and the new rating is valid up to  8th June 2022. It views the company with “Stable Outlook” for its steady business growth and consistent…

Lankan Alliance Finance Ltd forms its first Investment Committee

Lankan Alliance Finance Ltd has formed its Investment Committee and convened its first meeting at its Corporate Office in Gulshan recently. It has already attracted talented resources to provide the best possible customized and innovative solutions to its esteemed clients. Chief Executive Officer, Kanti Kumar Saha, Head of Business, Shahanur Rashid, Chief Operating Officer, Kazi Nasim Ahmed, Head of Accounts, Mohammad Ali Ashraf and Treasury Manager, Md. Anowar Hossain are seen in the photo.…

Shahanur Rashid Joined as Head of Business

Shahanur Rashid has recently joined as Head of Business at Lankan Alliance Finance Ltd, a joint venture multinational NBFI. He has a working experience of 16 years in local banks, NBFI, Investment Bank and multinational telecommunication company. Prior to joining Lankan Alliance Finance Ltd, he worked as Chief Operating Officer at NDB Capital, the investment banking arm of National Development Bank PLC of Sri Lanka, according to a statement.Previously, he worked at IIDFC as Head of Corporate Banking and The…

Lankan Alliance Finance signed MoU with DHS Motors Limited

(Dhaka) 20th December 2020: Lankan Alliance Finance Limited (LAFL), the subsidiary of the largest state-owned bank of Sri Lanka, has signed an MoU with DHS Motors Ltd., the sole distributor of brand-new Honda vehicles in Bangladesh, this morning at LAFL’s Head Office, Dhaka. Under this MoU, Lankan Alliance Finance will extend the auto loan for the customers of DHS Motors at preferential terms within the shortest possible time. Chief Executive Officer of Lankan Alliance Finance Ltd. (LAFL), Kanti Kumar Saha and Managing…

Lankan Alliance Finance partners with Padakhep Manabik Unnayan Kendra for SME Financing

(Dhaka) 5th November 2020: Lankan Alliance Finance Limited (LAFL), the subsidiary of the largest state owned bank of Sri Lanka, has signed a Loan Agreement with Padakhep Manabik Unnayan earlier this afternoon at LAFL’s Head Office, Dhaka. Under this agreement Padakhep will get finance of BDT 100 million for financing its SME clients. Chief Operating Officer of LAFL Kazi Nasim Ahmed, and Executive Director of Padakhep Manabik Unnayan Kendra, Md. Saleh Bin Sums signed the agreement on behalf of their…

Lankan Alliance Finance partners with UDDIPAN for SME Financing

(Dhaka) 18th October 2020: Lankan Alliance Finance Limited (LAFL), the subsidiary of the largest state owned bank of Sri Lanka, has signed a Loan Agreement with United Development Initiatives for Programmed Actions–(UDDIPAN) earlier this afternoon at LAFL’s Head Office, Dhaka. Under this agreement UDDIPAN will get long term finance of BDT 200 million for financing its SME clients. Chief Executive Officer of LAFL Kanti Kumar Saha, and Executive Director of UDDIPAN, Bidyut Kumar Basu signed the agreement on behalf of…

Lankan Alliance Finance awards ERA InfoTech advanced financial software development contract

(Dhaka) 12th October 2020: Recently Lankan Alliance Finance Limited (LAFL), the subsidiary of the largest state owned bank of Sri Lanka, has awarded ERA InfoTech Ltd. for developing its Core NBFI Solution platform at the LAFL corporate office in Gulshan, Dhaka. The platform is expected to be ready by the end of March 2021. Jowher Rizvi, Chairman of LAFL in his brief speech mentioned, “Considering the new normal and enabling LAFL’s esteemed clients to access all our services both securely…

Lankan Alliance Finance Limited (LAFL) signed a participatory agreement with Bangladesh Bank (BB) on ‘Refinance Scheme for Environment Friendly Projects’ at BB head office in the capital recently.

A signing ceremony of Participation Agreement between Sustainable Finance Department of Bangladesh Bank (BB) and Lankan Alliance Finance Limited (LAFL) regarding “Refinance Scheme for Environment Friendly Projects” was held on 27th August 2020 at Bangladesh Bank, Head Office. The signing ceremony was attended by Mr. Khandaker Morshed Millat, General Manager, Md. Salauddin, Deputy General Manager, Mohammad Jony Khandaker, Deputy Director of Sustainable Finance Department of Bangladesh Bank and Md. Sayful Islam, Head of SME and Md. Nazmul Hossain, Senior Officer…