SSI Research recently revealed that FE Credit is allegedly preparing for its IPO. The process is expected to be completed in the third quarter of 2021. Notably, VPBank's Board of Directors initially forecast that a successful IPO could triple FE Credit's share price compared to the book value after the equitisation. "This transaction will help VPBank strengthen its balance sheet, thus better enhancing its operation" SSI commented. Rumour has it that VPBank has recently been mulling over negotiating with an important partner in the sale of shares of FE Credit, which is expected to be completed in the next 5-6 months. Regarding FE Credit, in the first nine months of 2020, the consumer finance firm achieved total outstanding loans of VND64 trillion ($2.783 billion), up 6.4 per cent compared to the end of 2019. Capital Adequacy Ratio (CAR) reached 17.4 per cent, up 1.8 per cent compared to the same period last year.