Business

Deutsche Bank provides 100 mln USD loan for FE Credit

Germany’s Deutsche Bank will provide a guaranteed loan worth 100 million USD for the VPBank Finance Company Ltd (FE Credit) to strengthen its leading position in consumer finance.
Deutsche Bank provides 100 mln USD loan for FE Credit ảnh 1Illustrative image (Source: VNA)
HCM City (VNA) - Germany’s Deutsche Bank will provide a guaranteed loanworth 100 million USD for the VPBank Finance Company Ltd (FE Credit) tostrengthen its leading position in consumer finance.

An agreementto this effect was signed in Ho Chi Minh City on November 23. The loan will betransferred via the Deutsche Bank AG Singapore.

FE Credit VicePresident and General Director Kalidas Ghose said the loan will contribute toFE Credit’s long-term growth by offering the best services with reasonable pricesand interest rates.

DeutscheBank’s Executive Director cum Corporate Finance Director for Southeast AsiaSreenivasan Iyer said it has so far been the largest loan in consumer finance inVietnam provided by Deutsche Bank.

FE Creditprovides consumer loans and credit cards, benefiting nearly 7 million clients.It is working with 5,500 partners and about 9,000 points of salenationwide.-VNA
VNA
#Deutsche Bank #FE Credit #VPBank Finance Company Ltd #consumer loans #Deutsche Bank AG Singapore #VPBank Finance Company Ltd #Vietnamplus #Vietnam News Agency Germany Vietnam
Follow VietnamPlus

Related News

According to economist Nguyen Tri Hieu, capital mobilisation at banks has been good, but they have faced difficulties in lending (Photo: dantri)

Banks target growth in consumer lending

Banks plan to explore mergers or acquisition of financial institutions, as well as the establishment of new financial companies, to ensure a healthier bottom line by offering more consumer loans.
Right mix for consumer loans to flourish: experts

Right mix for consumer loans to flourish: experts

Consumer lending has potential for explosive growth in Vietnam, but this can only happen with significant improvements in consumer satisfaction with credit institutions and loan conditions, experts say.

See more

Illustrative photo (Photo: VNA)

Vietnam’s coffee exports reach 1.72 billion USD in first two months

Nguyen Duc Dung, Deputy General Director of the Mercantile Exchange of Vietnam (MXV), noted that coffee prices in the global market rose sharply. As a result, Vietnam's coffee export value increased by over 37% during this period, though its export volume decreased by 22%.

Workers process shrimp products for export at a factory of Sao Ta Food Joint Stock Company in Soc Trang province. (Photo: VNA)

Vietnam becomes Brazil’s 2nd largest aquatic product supplier

According to the Department of Customs under the Ministry of Finance, Vietnam’s aquatic product exports reached $655 million in February, marking a 44.5% year-on-year increase. This brought the total for the first two months of 2025 to $1.42 billion, up 19% compared to the same period in 2024.

Credit growth will continue to be the key target in Vietnam’s new development policy, (Photo vnbusiness.vn)

HCM City bank lending growth down in 2025

According to deputy director of the State Bank of Vietnam’s HCM City office Nguyen Duc Lenh, outstanding credit as of February was 3.936 trillion, down 0.17% from December 2024 but 12.2% up year-on-year.

Authorities inspect the procedures of vehicle operators transporting goods at the Huu Nghi International Border Gate (Lang Son province). (Photo: VNA)

Customs trade hits 1.05 billion USD on first day of new model

Realising the 12th Party Central Committee's Resolution 18 on streamlining the political system’s organisational structure, on March 15, the customs sector began operating under a three-tier model: the Department of Customs, regional customs offices, and border checkpoints. This reorganisation has reduced the number of units by 485, or 53.77%, from 902

Long Hau 1 Industrial Park in Can Giuoc district, Long An province. (Photo: VNA)

Industrial real estate expects a boost from policies, FDI

The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.

Construction site of Terminal 3 (Photo: VNA)

Vietnam Airlines, Vietjet Air flights to operate from Tan Son Nhat’s new terminal in May

Designed to handle 20 million passengers annually, Terminal T3 of the Tan Son Nhat International Airport includes four main components: the passenger terminal, a multi-story parking facility integrated with non-aviation services, the elevated road system at the terminal frontage, and aircraft aprons. The total investment for the terminal is nearly 11 trillion VND (431.2 million USD), with construction beginning in December 2022

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.