FE Credit appoints new acting CEO

Saturday, May 06, 2023

VPBank SMBC Finance Company Limited (FE Credit) has named Nguyen Thi Minh Nguyet acting CEO, replacing Kalidas Ghose from May 4.

FE Credit awards $128,400 to SEA Games-winning women's football team

Thursday, Jun 02, 2022

VPBANK SMBC Finance Company Limited has awarded the Vietnamese women’s football team VND3 billion (US$128,400) for again winning the SEA Games gold medal.

FE Credit moves to Amazon cloud

Wednesday, May 05, 2021

Amazon Web Services, Inc said FE Credit, the largest consumer lender in Viet Nam, has moved the vast majority of its IT infrastructure to its cloud. 

Japan’s Sumitomo Mitsui Finance Group acquires 49% stake in FE Credit

Saturday, May 01, 2021

VPBank on Wednesday signed an agreement to sell 49 per cent stake of its FE Credit to Japan’s Sumitomo Mitsui Finance Group (SMFG) in a transaction that value the non-bank lender at US$2.8 billion.

Pandemic is changing landscape of consumer credit: experts

Monday, Apr 19, 2021

The COVID-19 pandemic was signficantly changing the landscape of the consumer credit market as consumers tended to tighten their budget and pay more attention to healthcare, environment and lifestyle as well as switching to online shopping.

Three companies dominate consumer lending market in VN

Wednesday, Mar 10, 2021

According to the State Bank of Viet Nam (SBV) 16 finance companies are licensed to provide consumer lending with their total charter capital worth more than VND22 trillion (US$948 million) as of the end of 2020.

Consumer finance companies remain attractive acquisition targets

Monday, Dec 14, 2020

A spokesperson for FE Credit Consumer Finance Company said the Covid-19 pandemic had somewhat affected the company’s business but the price of its stock would not change thanks to its advantages and the market’s great potential.

Consumer lending expected to recover well after pandemic ends

Monday, Jun 08, 2020

Will consumer loans remain a money-spinner for banks post-COVID-19? This was a question recently posed by market observers after witnessing the pandemic’s big economic impact on individuals and households, dragging down demand for personal loans.

Moody's places five VN financial institutions on review for downgrade

Friday, Apr 10, 2020

Moody''s Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade.

VPBank, Fe Credit donate VND15 billion for fight against COVID-19

Tuesday, Mar 17, 2020

Viet Nam Prosperity Joint Stock Commercial Bank (VPBank) and its subsidiary Fe Credit decided to contribute VND15 billion (US$646,500) to the fight against the novel coronavirus (COVID-19) pandemic.

Consumer finance firm FE Credit turns joint-stock

Friday, Feb 21, 2020

The State Bank of Vietnam (SBV) has approved consumer finance firm FE Credit to change its legal status from limited liability to joint stock.

GoBear Vietnam inks deal with FE Credit

Tuesday, Mar 05, 2019

GoBear, Asia’s first and only metasearch engine for insurance and banking products, and FE Credit, the largest lender in Viet Nam’s consumer finance market, have signed a deal to drive greater financial inclusion for Vietnamese people.

FE Credit raises charter capital to $313m

Wednesday, Oct 03, 2018

The charter capital of consumer finance company FE Credit, which accounts for some 50 per cent of Viet Nam’s consumer finance market share, surged sharply to nearly VND7.33 trillion (US$313 million) from the previous VND4.47 trillion.

Consumer finance arms race

Friday, Sep 07, 2018

Consumer finance companies are offering various promotions to customers, aiming to enlarge their share in an increasingly competitive market.

Germany bank offers $100m loan to VN firm

Thursday, Nov 23, 2017

VPBank Finance Company Limited (FE Credit) and Germany’s Deutsche Bank signed a US$100 million secured loan in HCM City on Thursday.