VPBank Finance Company Limited (FE Credit brand) on Sept 30, 2015 was honored and awarded by the Global Banking & Finance Review (GBAF – the United Kingdom) the international award “Best Consumer Finance Company Vietnam 2015.”
Global Banking & Finance Review is a prestigious online and print magazine in the UK for the global financial community with a readership of over 3 million people each year. It consolidates independent and valuable financial information for the use of strategic economic planners and leaders. GBAF has granted such award to FE CREDIT on the basis of considering its business results and effort in innovating and applying modern technology in its business. In addition to this award, 2015 report on consumer finance market conducted by StoxPlus Corporation also indicates FE CREDIT market leader in terms of loans booked and one of the financial companies with the simplest loan procedures and most competitive interest rates.
2015 marks an important milestone in FE CREDIT’s incredible development. Thanks to its employees’ dedication and leadership’s determination, FE CREDIT has far exceeded the expectation of its business plan with 331% growth in consumer durables loans, 121% in two-wheeler loans, and 185% in cash loans compared to last year. FE CREDIT has served over 2 million Vietnamese customers so far with a wide range of products and promotional programs. FE CREDIT’s primary products are cash loans, two-wheeler loans and consumer durables loans with installments. It’s simple and quick 3-step procedures have also made a strong impression among consumers and well served the needs of farmers, manual laborers, and small traders who only earn decent incomes across Vietnam and often neglected by banks.
GBAF’s award also marks FE CREDIT’s a new step forward in celebrating its 5th anniversary and affirms FE CREDIT’s methodical, oriented and dynamic investment. The Company has unceasingly improved its policy and procedures to bring about better products and services to customers yet ensured a stringent risk management framework and created powerful human resources in order to ensure its sustainable growth.
FE CREDIT has achieved its market leading position thanks to being pioneering in providing the most advanced products and services to customers. FE CREDIT is expanding its distribution channels, especially the digital mediums, improving its IT systems and continuously developing its risk management practices by benchmarking with world best practices.
Besides its business strategy, FE CREDIT values its corporate social responsibility through such charity activities as helping less fortunate people living in remote and isolated regions and through the practical special offers in its promotional programs designed to grant customers easier access to financial resources for a better life quality and to change the countenance of the unsecured loan market.
On this occasion, an FE CREDIT’s representative shared, “This meaningful and valuable award is an evidence of FE CREDIT’s constant growth and development in the consumer finance market. This fruit is the result of the right business strategies focusing on building people and strong corporate culture, ceaselessly improving itself to bring customers the best products and services, and at the same time maintaining and developing good relationships with its partners and dealers throughout Vietnam. For the years to come FE CREDIT has committed to widening and improving its product lines by recognizing and satisfying market’s unmet needs and bringing about more suitable products to target customers. The Company aims to reduce turnaround time, to facilitate customers’ loan payments via multiple payment channels, to broaden its distribution network, and to apply modern technology to offer customers an easier, more economical and flexible access to its products.