FE CREDIT

The business started as the Consumer Finance Division of Vietnam Prosperity Joint-Stock Commercial Bank (VPBank). In 2015, it successfully transferred to an independent company with the Brand FE CREDIT. Since then, it has continuously been enlarging and taking the leadership of the consumer finance market in Vietnam. Our success is built on serving the best interests of our customers. FE CREDIT is keen on designing new products that add value to its customers, guided by its philosophy of Fast and Easy.

With a network of more than 13,000 points of sale nationwide, a team of more than 12,000 employees, and serving more than 14 million customers.

In October 2021 , VPBank completed the sale of 49% of FE CREDIT's charter capital to SMBC Consumer Finance Company (SMBCCF) - a subsidiary 100% owned by Japan's Sumitomo Mitsui Financial Group. At the same time, Vietnam Prosperity Bank Finance Company Limited was also renamed to SMBC Vietnam Prosperity Bank Finance Company Limited. FE CREDIT was valued at US$2.8 billion as part of the deal.