FE CREDIT goes all-in on AWS to accelerate innovation
May 04, 2021 | 16:24
FE CREDIT has gone all-in on AWS, moving the vast majority of its IT infrastructure to the world’s leading cloud.
Capital injections loom in finance M&A
May 04, 2021 | 11:23
Although the pandemic is still taking a serious toll on the economy, foreign investors are banking on cross-border mergers and acquisitions in the financial industry, especially in consumer finance and retail banking, illustrating the urgency to acquire new capabilities.
Japanese lender SMFG acquires 49 per cent in FE Credit in a $1.4 billion deal
April 29, 2021 | 15:28
Japanese mega financial institution SMFG has just acquired 49 per cent stake in Vietnam's largest consumer finance company FE Credit.
Sustained success for FE Credit down to unique vision
March 30, 2021 | 11:12
After strong efforts to change the game of consumer finance, FE CREDIT has told of its decade-long journey to establish a solid foundation and become the leading company in unsecured consumer loans and credit cards, with more than 50 per cent of the market share.
Financial institutions opting more into eKYC convenience
March 25, 2021 | 07:00
Fintech companies, banks, and other financial institutions are making great strides to go paperless, eliminating physical movements and paperwork, and becoming more cost-effective through electronic processes.
Consumer finance retains attractiveness
March 16, 2021 | 09:14
Despite the resurgence of the pandemic, investors still remain upbeat about consumer finance and pawn chain businesses in Vietnam, which are considered among the most attractive loan segments.
Fundraising on the up in consumer finance
March 02, 2021 | 12:07
Consumer finance companies are taking different approaches to raise cash and gain a bigger slice of the landscape.
FE Credit experiences 16.3 per cent drop in pre-tax profit as NPLs increase in 2020
February 06, 2021 | 14:01
Due to the COVID-19 pandemic, FE Credit reported a decrease in its pre-tax profit while its non-performing loans increased to 6.6 per cent in 2020.
Diversifying local consumer finance
December 16, 2020 | 08:00
Consumer finance companies in Vietnam are seeking new approaches to diversify their funding sources and their indirect loan portfolios, as well as lower credit and liquidity risks despite the lingering pandemic and tightening regulations.
FE Credit could file for IPO in third quarter next year
December 08, 2020 | 16:50
FE Credit, the biggest consumer finance player in Vietnam and a subsidiary of VPBank, is allegedly preparing for its IPO in the third quarter of 2021.
FE Credit toasted second-quarter and first-half 2020 results
August 25, 2020 | 10:43
On August 5, FE Credit, together with its partner bank VPBank, organised an analyst call to discuss its second-quarter results as well as first-half financial achievements.
Moody’s confirmed stable rating for FE Credit in latest review assessment
August 06, 2020 | 12:45
Moody’s Investors Service has recently confirmed the long-term ratings of FE Credit at B1, after putting it up for review due to the impacts of COVID-19.
HD Saison may be setting up for IPO
June 26, 2020 | 22:31
HD Bank revealed ambitions to convert HD Saison into a JSC in a move generally seen as laying down the groundworks for an IPO.
Lively evolution continues through foreign consumer finance presence
June 18, 2020 | 08:00
Despite some legal concerns, international firms are ramping up their presence to reap the benefits from Vietnam’s consumer finance sector.
Banks upbeat about charter capital hike in 2020
June 09, 2020 | 11:35
Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.
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