Japan’s SMBC lender opens branch in Tianjin  

日本信贷公司加速中国布局 在天津推广"百姓金融"

高调宣称“无抵押、无担保、即刻放款”的日本SMBC消费金融有限公司，继中国大陆深圳分公司、沈阳分公司开业后，18日晚天津分公司举行开业庆典。

Tianjin(CNS) -- SMBC Consumer Finance, a consumer loan unit under Japan' s Sumitomo Mitsui Financial Group Inc., opened a subsidiary branch in Tianjin on Thursday.

This is the company's third foothold in China.

"We have been impressed by the leapfrog development of China, and we view China as a promising market, so we will expand our presence here by providing services that are more consumer-friendly," said Ryoji Yukino, president of SMBC Consumer Finance, at the opening ceremony.

The company is planning to set up 10 branches in Tianjin within three years to meet the financing demands of local clients.

Founded in 1962, SMBC Consumer Finance has been committed to providing unsecured loans to individuals. The lending can be used for investment, home decoration, vehicle purchases, travel and even shopping.

The company already has branches in Shenyang and Shenzhen.