Volvo Financial Services, part of the AB Volvo heavy vehicle group, is setting up a branch in the Czech Republic.

Under the umbrella of VFS Germany, the Czech company is starting customer financing in the Czech Republic for all Volvo brand products.

Financial services offered to Czech customers so far include finance and operation leasing, insurance, and maintenance. Similar packages for Renault Trucks products are to follow soon.

The new company will cover the network of Czech Volvo and Renault Trucks dealers, and work with the Czech Volvo and Renault Trucks importers, also based in Prague.