FE Credit experiences 16.3 per cent drop in pre-tax profit as NPLs increase in 2020 14:01 | 06/02/2021 FE Credit â the consumer finance arm of VPBank â is allegedly preparing for an IPO In 2020, FE Credit's pre-tax profit is estimated to reach VND3.713 trillion ($161.43 million), down 16.3 per cent on-year, according to the latest report of VPBank â the firm's parent bank. Meanwhile, its non-performing loans ratio increased from 6 per cent at the end of 2019 to 6.6 per cent as of December 2020. The consumer finance company contributed around 28.5 per cent to the bankâs consolidated pre-tax profit. In the past year, FE Credit's disbursement value reached VND63 trillion ($2.74 billion), down 14 per cent on-year.