FE CREDIT praised as Best Consumer Finance Company Vietnam 2015
FE CREDIT praised as Best Consumer Finance Company Vietnam 2015
VPBank Finance Company Limited’s FE CREDIT brand honoured on September 30, 2015 with the “Best Consumer Finance Company Vietnam 2015” award by the Global Banking & Finance Review.
The Global Banking & Finance Review (GBAF) is a prestigious online and print magazine in the UK for the global finance community, with a readership of over three million people each year. It consolidates valuable, independent financial information for the use of strategic economic planners and leaders.
GBAF granted the award to FE CREDIT on the basis of its business results and efforts in innovating and applying modern technology to its operations. In addition to this award, the 2015 report on the consumer finance market conducted by StoxPlus Corporation also indicates FE CREDIT as a 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 the dedication of its employees and the determination of its leadership, the firm has far exceeded the expectations of its business plan, with 331 per cent growth in consumer durable loans, 121 per cent in two-wheeler loans, and 185 per cent in cash loans compared to last year. FE CREDIT has served over two million Vietnamese customers so far with a wide range of products and promotional programmes.
The firm’s primary products include cash loans, two-wheeler loans, and consumer durable loans with instalments. Its simple and quick three-step procedures have also made a strong impression among consumers, and served the needs of farmers, manual labourers, and small traders who only earn minimal incomes and are often neglected by banks.
GBAF’s award also marks FE CREDIT’s new step forward in celebrating its 5th anniversary, and affirms its methodical and dynamic investments. The company has unceasingly improved its policy and procedures to better serve customers, while ensuring a stringent risk management framework and creating powerful human resources in order to assure sustainable growth.
FE CREDIT is expanding its distribution channels, especially in digital media, the improvment of its IT systems, and by continuously developing its risk management practices to remain in line with global best practices.
Asides from its business strategy, FE CREDIT demonstrates corporate social responsibility through charity activities, helping less fortunate people in remote regions, and through promotional programmes designed to grant customers easier access to financial resources that will improve their quality of life.
Following the accolade granted to them by GBAF, a company representative was quoted as saying that this meaningful and valuable award was evidence of FE CREDIT’s constant growth and development in the consumer finance market. This fruit was the result of the right business strategies, focusing on building strong corporate culture, ceaselessly improving itself to bring customers the best products and services, and also 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 recognising and satisfying the market’s unmet needs, and bringing about more suitable products to target customers. The company aims to reduce its turnaround time, facilitate customers’ loan payments via multiple payment channels, broaden its distribution network, and apply modern technology to offer customers easier, more economic, and flexible access to its products.
