Calculation of deposit

Development Process

Start
2021

FE CREDIT was valued at USD 2.8 billion and raised its charter capital from VND 7,328 billion to VND 10,928 billion after becoming a strategic partner with SMBC FC (Japan’s leading consumer finance company, under SMBC Banking and Finance Corporation)
Officially changed its name to VPBANK SMBC FINANCE COMPANY LIMITED

2020
  •  Initiate Conversational AI to customer service to enhance engagements in the new digital age such as Chatbot, Live Agent on FE CREDIT Mobile app
  • Receiving total investment of US$431 million offshore loan from international partners
2019
  • Cooperation with partners: Vymo, GoBear, VNPost
  • Receiving total investment of US$657 million offshore loan from international partners
2018
  • Serving nearly 10,000,000 customers
  • Expand cooperation with more than 9,000 partners
  • Develop more than 13,000 points of sale nationwide
  • Dominating Vietnam’s consumer finance market with more than 50% market share (according to a report published by STOXPLUS)
  • Receiving total investment of USD 365 million offshore loan
2017
  • By September 2017, serving nearly 7,000,000 customers
  • Expanding with 9,000 points of sales nationwide
  • Increase charter capital from VND 2,790 billion to VND 4,474 billion in July 2017
  • Receiving the investment of USD 100 million offshore loan from international partners
2016
  • Increase charter capital FROM VND 1,900 BILLION VND TO 2,790 BILLION VND in October 2016
  • Signing a loan contract worth 100 million USD with Credit Suisse bank in December 2016
2015
  • Successfully transformed all business activites into independent legal entity – Vietnam Prosperity Finance Limited Company (VPB FC) – FE CREDIT brand
  • Proudly to be the best Consumer Finance in Vietnam 2015 – Global Banking and Finance Review Award
  • Reached the milestone of 2,000,000 customers
2014
  • Acquisition of financial companies “Coal – Minerals of Vietnam (VCMF)”
  • Reached the milestone of 1,000,000 customers
2013
  • Achieved 150,000 customers, become a market leader
  • Product launch: Cash Loan – One of the key products
  •  Established direct sales and sell channel through third party partners
2012
  • Achieved 150,000 customers, become a market leader
  • Product launch: Cash Loan – One of the key products
  •  Established direct sales and sell channel through third party partners
2011
  • The distrubution channel network reaches the milestone of 2,000 points of sales nationwide
2010
  • Established Consumer Credit Bank of Vietnam (FE CREDIT)
  • Successful development of the first product: Loan – Buy motorcycle on installment

Business Situation

Updated to December 31, 2020
Note:
  • Total Assets
  • Charter Capital
  • Total Equity

Capital adequacy index

Updated to Dec 31, 2021
Ratio Reporting Date (Dec 31, 2021) SBV Regulations Status
(compare with SBV)
Liquidity reserve 5.35%  >= 1% Compliance
Affordability for 30 days – VND 37.00% >= 20% Compliance
Affordability for 30 days – Foreign Currency Do not generate cash outflows >=5% Compliance
Short-term funding for medium and long-term loans  45.78% <= 90% Compliance
Buying and investing bonds compared to the capital source of the Bank 1.29% <= 10% Compliance
Capital adequacy ratio – CAR 17.79%  >= 9% Compliance

BUSINESS LEGAL INFORMATION

Business name: VPBANK SMBC FINANCE COMPANY LIMITED

Abbreviated business name: VPB SMBC FC

Operation status: Active

Business code: 0102180545

Legal type: Limited Liability Company

Established date: February 15, 2007

Legal representative: Mr. LO BANG GIANG

Head office address: 2nd Floor, REE Tower, No. 9, Doan Van Bo Street, Ward 13, District 4, Ho Chi Minh City, Vietnam

Other financial service activities n.e.c. (except insurance and social insurance)

Details: Operating under License No. 64/GP-NHNN dated October 30, 2017 of the Governor of the State Bank of Vietnam.

Sample stamp HERE

REGULATIONS

Điều lệ 14092021_VPB SMBC FC_VN

INFORMATION DISCLOSURE

– Announcement of financial statements

+ June 2019 (here)

+ December 2019 (here)

+ June 2020 (here)

+ December 2020 (here)

+ June 2021 (here)

+ December 2021 (here)

– Announcement of payment of principal and interest of FE Credit bonds

+ June 2019 (here)

+ December 2019 (here)

+ June 2020 (here)

+ December 2020 (here)

+ June 2021 (here)

+ December 2021 (here)

– Announcement of the capital use

+ June 2021 (here)

+ December 2021 (here)

– Announcement of Bond issuance results

+ The year 2020:

• Special report about issuance results– 01 (here)

• Special report about issuance results– 02 (here)

• Special report about issuance results– 03 (here)

• Special report about issuance results– 04 (here)

• Special report about issuance results– 05 (here)

• Special report about issuance results– 06 (here)

• Special report about issuance results– 07 (here)

• Special report about issuance results– 08 (here)

• Special report about issuance results– 09 (here)

+ The year 2021:

• Special report about issuance results – 01 (here)

• Special report about issuance results – 02 (here)

• Special report about issuance results – 03 (here)

• Special report about issuance results – 04 (here)

• Special report about issuance results – 05 (here)

• Special report about issuance results – 06 (here)

• Special report about issuance results – 07 (here)

• Special report about issuance results – 08 (here)

• Special report about issuance results – 09 (here)

Special report about issuance results – 10(here)

Special report about issuance results – 11 (here)

Special report about issuance results – 12 (here)

Special report about issuance results – 13 (here)

Đăng ký email để nhận ngay ưu đãi mới nhất

*
*
*
Khi nhấn “Đăng ký”, bạn đã đồng ý cho FE CREDIT lưu trữ và sử dụng thông tin bao gồm số điện thoại và email để giới thiệu sản phẩm, dịch vụ và chương trình khuyến mãi và chăm sóc khách hàng. Xem chi tiết tại đây

Which loan product?

CALL HOTLINE: (028) 39 111 555

Nhập mã OTP

Vui lòng kiểm tra tin nhắn điện thoại và nhập mã xác nhận

OTP chỉ có hiệu lực trong vòng 5 phút