The European-based PPF Vietnam Finance Limited has opened its branch in Hanoi after a year of doing business in Vietnam.

The company operates in the area of consumer financing and retail banking with the international brand name of Home Credit.

"We have been waiting for this event for quite some time, looking forward to introducing our consumer finance products and services to the people of Hanoi," said Ajaya Bandhu, general manager of PPF Vietnam.

The company provides consumer credit in the form of installment loans through selected retail outlets.

It has targeted the financing of motorcycles and scooters, in response to the huge and growing market for two-wheelers in the country.

Quick and convenient loan procedures, presence in most retail point of sales and flexible payment terms are some of the key factors of PPF service quality.

PPF Vietnam Finance Company is allowed to perform its operations in Vietnamese dong and foreign currencies in the forms of debentures, bonds, deposit certificates and other valuable papers to raise capital; issue credit cards, offer cash loans; and provide consulting services of finance, banking, monetary and consumption investment, guarantee services and insurance agency operations.

Vietnam is the eighth marketplace for the PPF Group. The others are the Czech Republic , Russia , Slovakia , Ukraine , Kazakhstan , Belarus and China./.