Volvo Financial Services (VFS) was formed in 2001 when Volvo consolidated a number of smaller finance units from its various business areas into a single business area changed with having sales financing as its core competence. The primary focus of VFS is to provide a full range of financial services to customers and dealers of the Volvo Group.
Headquartered in Greensboro, North Carolina, VFS is active throughout Europe, the Americas, Asia and Australia.VFS's team of about 1,250 professionals manages approximately 13.7 billion US dollars of assets, located in about 60 countries. Volvo Financial Services Thailand falls under the management of Volvo Financial Services Asia/Pacific Region, while operating as a business function of Volvo Truck & Bus (Thailand) Co Ltd.
In its ten years of operation, VFS Thailand has built a reputation for attractive customer financing services to the external and internal customers of the Volvo Group, whose brands include: Renault Trucks, Volvo Trucks, Volvo Construction Equipments and Volvo Buses.
On 18 November 2010, Volvo Financial Services announced to accelerate its business growth in Thailand through an alliance with United Overseas Bank (Thai) Public Company Limited. By engaging the two companies at sales, marketing, credit & risk and operations levels, the alliance will allow both companies to address new growth opportunities by developing co-branded financing programs and services for customers of the Volvo Group and the United Overseas Bank (Thai) Public Company Limited in Thailand.