PPF Group is ready to start with the preparation of its business in PPF Group N.V. announces that on April 18, 2008, the State Bank of has given a license to PPF Vietnam Finance Company Limited, with headquarters in Ho Chi Minh City . The licence will enable to gradually start building a company focused on providing of financial services. In accordance with already declared plans to enter the promising Vietnamese market, the preconditions are in place for preparing the basis of the future PPF Group’s business in . The next step is to be the creation of necessary infrastructure, including technical and personal capacities. Based on the building of infrastructure, the application will follow to the State Bank of in order to obtain the operational license.
PPF Group is planning to provide consumer finance services in the dynamically developing Vietnamese market, according to the proven strategy from other countries, to which it has expanded recently under the Home Credit Brand.