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Banking & Finance

FE CREDIT named "Best Consumer Finance Brand In Southeast Asia 2017"

Released at: 15:50, 10/08/2017

FE CREDIT named "Best Consumer Finance Brand In Southeast Asia 2017"


Lender picks up award from Global Brands magazine for second year in a row.

by Linh San

The VPBank Finance Company’s FE CREDIT proudly affirmed its position as market leader after receiving an award from Global Brands magazine, a trusted international online and print magazine from the UK, for the second year in succession, this time as “Best Consumer Finance Brand in Southeast Asia 2017”.

This was the first time the scope of the award was expanded to the Southeast Asia region, after the first award in 2016 was for Vietnam only.

“It is a great honor for FE CREDIT to receive this distinguished award,” said Mr. Kalidas Ghose, CEO of FE CREDIT. “It acknowledges our pioneer achievements in improving service quality, to diversify our product range and networks and constantly apply advanced technologies in order to best serve our customers, partners and investors. In 2017, again, FE CREDIT proudly affirms our position as the market leader in Vietnam’s consumer finance market, benchmarking with the world’s best practices. We are committed to nurturing people around Vietnam who are often neglected by banks, by providing better financial products and services.”

With key products and services such as personal loans, two-wheeler loans, consumer durable loans, and credit cards, as at the end of 2016, FE CREDIT was the leading the consumer finance provider with a market share of 48.42 per cent; three times higher than the institution in second place.

Winners of awards from Global Brands magazine were selected from a competitive group of entrants, all of whom demonstrated unique and exceptional service delivery towards evolving financial sectors, not only in the same country but also within their regional areas. FE CREDIT was awarded this honor for its exceptional commitment to Innovation, Quality, Branding Activities, Technology Application, Risk Management, Customer Service, and Performance, contributing to the robust financial environment in Southeast Asia.

Being one of the few pioneers in the Consumer Finance industry, after seven years of operations, FE CREDIT has established a solid foundation to become the market leader. It currently provides consumer lending services with key products offering flexible loan periods from six to 36 months, simple application procedures, rapid disbursement, and dedicated consultation services.

FE CREDIT has served nearly 6 million customers to date and cooperated with more than 5,500 partners at more than 9,000 points of sale in Vietnam. It focuses on sustainable development and commits to realizing the dreams of millions of Vietnamese people through the provision of complete financial products and services.

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