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.
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
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Illustrative image (Source: VNA) 
