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FE CREDIT wins 10 prestigious awards in 2018
Friday,  Jan 25, 2019,16:57 (GMT+7)

FE CREDIT wins 10 prestigious awards in 2018

Overcoming a challenging year with many fluctuations in the consumer finance industry, FE CREDIT has not only continued to maintain its leading position in the market, but also constantly established new standards in innovation and Fintech application to prove that it not only adapts but proactively creates revolutionary changes for the market.

The annual ranking of Vietnam’s 500 largest enterprises (VNR500) in 2018 conducted by Vietnam Report and published by VietNamNet, shows that FE CREDIT is one of the Top 10 private companies in the Finance-Banking-Securities sector, and it is also the only finance company to make the Top 100 list in Vietnam in all sectors.

This is the 12th year in a row the VNR500 ranking has been researched and published based on multiple criteria including enterprises’ actual revenues, total assets, total labour force, profit after tax, ROA and ROE, as well as their corporate prestige.

Vietnam Report’s ranking for FE CREDIT

  VNR500 Ranking Profit500 Ranking
All sectors 97 29
Private sector 38 11
Banking – CF – Securities sector 14 8
Private in Banking – CF – Securities sector 9 4
Mr. Basker Rangachari, FE CREDIT’s Marketing Director, has the honour of receiving the VNR500 award

In addition to its outstanding achievements in business in 2018, FE CREDIT has received more than 10 awards from prestigious domestic and foreign organizations and broke the record for the most wins in consumer finance in the history of Vietnam’s banking industry.

This number of awards has shown the recognition of international organizations, as well as local Government agencies and independent surveys, towards the quality of services and the contribution of FE CREDIT to the consumer finance industry.

Further, in September 2018, Moody’s announced the corporate credit rating (CFR) of B2 for FE CREDIT. This rating is equivalent to that of several leading domestic and foreign financial institutions in Vietnam.

These global recognitions reiterate FE CREDIT’s outstanding achievements in 2018. Whilst the 2018 annual results of its parent, VPBank, have been officially released, the largest consumer finance firm in terms of market share in Vietnam has revealed its stellar performance. While almost all of its competitors witnessed a slowdown, FE CREDIT still scored an increase of almost 30 per cent in accounts and a 23 per cent swell in new customers year-on-year.

FE CREDIT’s awards in innovation also reflect its excellence after many years of pioneering in the application of the most advanced financial technologies into its whole business processes.

With 3 strong awards, FE CREDIT’s credit cards completely convinced the judges at the Cards and Electronic Payments International (CEPI) Asia Awards, as it provides optimal solutions for un-banked customers who do not have much experience in financial management. FE CREDIT also deployed a Card Mobile Application to help its customers manage their accounts more conveniently, providing unique benefits for their daily needs.

FE CREDIT's Consumer Durables Loan also received positive feedback from customers thanks to its fast and easy features. Asian Banker’s "Consumer Finance Product Of The Year 2018" award for FE CREDIT recognises that FE CREDIT's new digital lending process has enabled customers to purchase the desired products online and get an instant loan approval, without the need to go to a physical outlet or point of sale (POS), and have the goods to be delivered to their doorstep by the next day.

FE CREDIT’s CEO and Directors are delighted to receive the prestigious Asian Banker Award

Meanwhile, Global Brands Magazine also recognized FE CREDIT as “Most Innovative Consumer Finance Brand” thanks to its outstanding financial solutions in the market that integrate technologies and innovation into the lending process, helping to overcome the disadvantages of traditional lending practices. In addition, with artificial intelligence algorithms and in-depth data analysis during the verification process, FE CREDIT has successfully captured specific needs of the un-banked customers.

The continuous launches of many new capabilities to deliver Fast and Easy lending service contributed significantly to the success of FE CREDIT in 2018. The company’s ambition is to create a financial ecosystem driving financial inclusion in Vietnam and support economic progress by driving the wheels of domestic business.

List of awards that FE CREDIT achieved in 2018:

1. Top 10 Vietnam’s largest private enterprises in Banking, Finance and Securities (VNR 500)

2. Ranked 11th in the Top 500 Most Profitable Private Enterprises in Vietnam (Profit 500)

3. “Consumer Finance Product Of The Year" awarded by The Asian Banker

4. "Southeast Asia's Best Consumer Finance Company" voted by Global Business Outlook

5. "Asia’s Most Innovative Consumer Finance Brand" awarded by Global Brands Magazine

6. "Top 10 Asia-Pacific Outstanding Brands" awarded by Asia-Pacific Economic Review

7. "Top 50 Most Attractive Employer Brand" according to Vietnam’s best places to work survey studied by Anphabe

8. "Top 100 Vietnam’s Biggest Tax Payers" awarded by the General Department of Taxation

FE CREDIT’s credit card product also scored a hat-trick of 3 awards at the Card & Electronic Payments International Asia Awards 2018:

9. "Best Card Design"

10. "Best Technology Implementation - Front End"

11. “Best New Product, Service or Innovation Launch"


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