GE Money

Credit Card

GE Money is one of the leading global providers of financial services, having its businesses in 50 countries across the world. The company’s assets exceed $190 bln. Its net revenues in 2006 amounted to $3.5 bln. It employs over 60 thousand people. It provides services to more than 130 mln. consumers worldwide. Its services include issue and servicing of credit cards and consumer loans for the clients of the largest retail chains, personal loans, car loans, corporate credit cards and mortgages. In some countries GE Money cooperates with small businesses and sole proprietors and accepts deposits.

GE Money Bank (Russia) offers a wide range of consumer finance products servicing its customers through its own branch, CCO and POS network in Moscow, St. Petersburg, Yekaterinburg, Kazan, Krasnodar, Nizhniy Novgorod, Novosibirsk, Rostov, Samara and Chelyabinsk. Key products of the Bank are VISA revolving credit cards, cash loan and sales finance. In June 2007 GE Money Bank launched mortgage.
Responsible Lending
2005 saw a launch of Responsible Lending program aimed at enhancing the quality of products and at achieving better service levels. Responsible Lending has 4 cornerstones:
  • Our Customers Making Informed Decisions;
  • Being Honest To Our Customers
  • Appreciating Our Customers
  • Understanding Their Financial Difficulties.

These four principles are practiced through 30 lending standards. In June ‘06 GE Money Bank was among the first 50 lenders compliant with the FAS recommendations as to disclosure to its customers of all lending terms and conditions.

Innovations

Innovative approach to doing business is the key element of GE corporate culture, and it has been implemented in the banking business as well.

GE Money Bank’s borrowers may influence their loans tariffs. Thanks to GE Money Bank’s innovations, such as Risk Based Pricing (tariff largely depends on a borrower’s risk class) and Behavior Based Pricing (preferential terms for responsible customers), pricing is based on a customer’s dependability, documents that s/he presents for the underwriting purposes as well as his/her loan performance.

Products and Services

The main advantages of GE Money Bank’s service is reduced TTD, a simplified application process, a possibility to influence loan tariffs and innovations implemented in all the Bank’s products.

  • Mortgage

GE Money Bank’s mortgage products include loan to finance property purchase on the secondary property market, cash out and refinance.Loan currency: both USD and RUR. Loan term – up to 30 years, where APR does not depend on the loan tenure.

  • Cards

GE Money Bank offers two types of revolving cards: Visa Instant and VISA Global with a grace period of 55 days based on VISA Classic.

  • Cash Loans

Cash loan is an unsecured loan for immediate use where no surety is needed. The loan is provided for any purpose without limitation.

  • Sales Finance

Instant SF products are issued to finance purchase of goods at partner outlets.

Senior Management

David R. Nissen
David R. Nissen

President & CEO
GE Money

Richard Gaskin
Richard Gaskin

President
GE Money Bank

Headquarters

Stamford, CT, U.S.A

Media Enquiries

  • Katherina Touton
  • External Relations Leader
  • GE Money Bank