DEUTSCHE BANK PROVIDES A US$100 MILLION LOAN TO FE CREDIT

FE CREDIT today announced that it will receive a US$ 100 Million Loan Facility from Deutsche Bank. This loan will provide FE CREDIT with additional capital to  continue to grow its business and remain the market leader in Vietnam’s consumer finance industry as well as the trusted financial partner for millions of Vietnamese people.

Deutsche Bank AG Singapore (“Deutsche Bank”) will act as Facility Agent for this US$ 100 Million Loan. FE CREDIT holds nearly 50% of market share in the consumer finance industry in Vietnam.

Mr. Kalidas Ghose, Vice Chairman and CEO of FE CREDIT, said: “We are very pleased to receive such strong support from our international banking partners with the help of this facility. Our partnership with Deutsche Bank re-affirms our brand value and the operational excellence of our business in meeting the highest level of international standards. Also, it demonstrates the trust that our partners have in our business performance, the sustainable growth  of FE CREDIT and the vision of its shareholders as well as management going forward.

Founded in Germany, the worldwide Deutsche Bank provides commercial and investment banking, retail banking, transaction banking, and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. With a history in the international market since 1870, Deutsche Bank is Germany’s leading bank with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

Mr. Sreenivasan Iyer, Managing Director and Head of Corporate Finance Southeast Asia at Deutsche Bank, said: “We are delighted to be working with FE CREDIT. This is Deutsche Bank’s largest loan to the consumer finance industry in Vietnam to date. This year, Deutsche Bank celebrated its 25th anniversary in Vietnam. This cooperation demonstrates the bank’s unwavering commitment to our clients in this country. As Vietnam’s economy continues to thrive, we see many opportunities to partner with our clients to support their growth. We are proud to play a role in Vietnam’s growth story.”

 

 


About FE CREDIT

Pioneering in Consumer Finance, FE CREDIT has established a solid foundation to become the market leader of the unsecured consumer loans market. FE CREDIT currently provides consumer lending services such as personal loans, two-wheeler loans, consumer durable loans and credit cards. FE CREDIT has served almost 7 million customers, co-operating with 5,500 partners across 9,000 Points of Sale (POS) nationwide.

Seize the sound win-win growth opportunities with FE CREDIT. Visit our website at: www.fecredit.com.vn or call (028) 39 115 212 or email: treasury@fecredit.com.vn for further enquiries.

 

About Deutsche Bank AG

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking, and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

For more information, please refer to: www.db.com

 

For more information, please contact:

FE CREDIT’s  Marketing Center – VPBank Finance Company Limited (VPB FC)

Address: Level 2, REE Tower Building, No. 9 Doan Van Bo, Ward 12, District 4, Ho Chi Minh City

Phone: (028) 3911 5212

Email: pr@fecredit.com.vn

Website: www.fecredit.com.vn


Related news

4 weeks trước

FE CREDIT LAUNCHES MOBILE APPLICATION DEDICATED TO ITS CARDHOLDERS

FE CREDIT proudly announce that we have launched a new mobile application for our cardholders. The app launch demonstrates our commitment to making the lives of our customers easier by bringing digital capabilities to our powerful credit cards. The new app is designed for FE CREDIT cardholders to discover quick, simple and convenient way to […]

4 weeks trước

EXPERIENCE SAMSUNG PAY, WIN SAMSUNG GEAR S3

From 10th December 2018 till 10th February 2019, just link your FE CREDIT card with Samsung Pay and start spending at any card accepting terminal across Vietnam to win a Samsung Gear S3 Frontier smart watch! The more you spend, the more chances of winning you have! In addition, you also get a guaranteed bonus […]

2 months trước

FE CREDIT RECOGNIZED AS “BEST CONSUMER FINANCE COMPANY, SOUTH EAST ASIA 2018” BY GLOBAL BUSINESS OUTLOOK

Vpbank Finance Company Limited (FE CREDIT) has recently been awarded as “Best Consumer Finance Company, South East Asia 2018” by Global Business Outlook. Global Business Outlook (GBO) is a prestigious publication in the United Kingdom. The Global Business Outlook awards are held annually, aiming to recognize and reward excellence in business to companies all over […]

4 months trước

FUND MOBILIZATION PRODUCTS OF VPB FC (FE CREDIT)

VPBank Finance Company Limited – VPB FC (FE CREDIT Brand) mobilizes fund by issuing Certificate of Deposit (CSs) and Term Deposit (TD), applying for Vietnamese Organizations and International Organizations with flexible tenor and attractive interest rates as listed below: For more information, please contact: VPBank Finance Company Limited – VPB FC (FE CREDIT Brand) Treasury […]


Most searched keywords
Sign up

Nhận tin tức khuyến mãi - ưu đãi từ FE CREDIT

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

Live chat
Live chat

Please enter your name