LankaBangla Finance, Rangs Ltd sign MoU

LankaBangla Finance Ltd (LBFL) signed a memorandum of understanding (MoU) with Rangs Ltd for its customer privilege.

Khurshed Alam, head of retail finance of LBFL, and Mohammod Hamdur Rahaman Simon, chief executive officer of Rangs, signed the MoU at the latter's head office in Dhaka recently, a press release side.

Under this MoU, customers of the non-bank financial institution will enjoy discounts on vehicle price, spare parts and servicing from the local industrial conglomerate.

Abu Sayed, head of auto loans at LBFL, HM Pervez Khan, senior manager, Ashif Sorwar Khan, head of private sales at Rangs Ltd, and Tanvir Haider Shubho, head of marketing, were present.