St Petersburg --- GE Money Bank was called "The Best Consumer Finance Bank in Russia" at "Financial Russia-2007", awards granted to financial and insurance companies. A ceremony was held in Constantine Palace, President's Residence in Strelnya, St Petersburg, on December 7.
Financial Russia Awards aim at recognizing and celebrating excellence of financial and insurance companies operating in Russia and acknowledging companies that provide the highest quality products and customer service. Experts' council of the Award in 2007 consisted of market regulators, heads of professional financial organizations and experts.
"Winning "The Best Consumer Finance Bank" Award at "Financial Russia 2007" is a result of a joint effort of the whole team. It is also recognition of our initiatives and innovative approach to work. We are proud of the accomplishments achieved so far. We have implemented innovative technologies, launched new products, risks management standards, and introduced "Responsible Lending" standards. All the innovations are welcome in the Russian market of consumer finance", says Richard Gaskin, President of GE Money Bank.
"Russian market is our priority and in future we intend to gain momentum, develop our relationships with customers, partners and colleagues guided by the principle of 'Responsible Lending". Adherence to this principle enables us to develop long-term relationships based on transparency. We do care about our customers and next year we plan to launch "Financial Literacy" program for the benefit of our present and potential customers."
Having entered the banking retail market about three years ago, GE Money Bank has tried to implement innovative approach to customer service ever since. In 2005 "Responsible Lending" program was launched, that enables to increase the quality of loan products and services, to make our business compliant with integrity standards. The Bank is included into the list of 50 credit organizations that successfully apply the FAS recommendations on information disclosure at crediting. In 2007 the Bank has implemented innovative pricing initiatives based on customer's class of risk and customer behavior.
About GE Money Bank
CJSC GE Money Bank, licence #3316 of 17.11.2006, which operated under the brand name "Delta Bank" till October '06, is a Russian branch of one of the leading providers of banking and credit services.
Bank's core products are revolver credit cards VISA, cash loans, consumer finance. In June 2007 mortgage program was launched. GE Money Bank offers a broad range of consumer finance products and serves its customers through its own branches, offices and CCOs in Moscow, Saint Petersburg, Ekaterinburg, Kazan, Krasnodar, Nizhniy Novgorod, Novosibirsk, Rostov-on-Don, Samara and Chelyabinsk.
GE MB is a highly innovative company. "Responsible Lending" program, started at the Bank, aims at sustainable increase in quality of products and services.
The Bank is included into the list of 50 credit organizations that successfully apply the FAS recommendations on information disclosure at crediting.
For additional information visit the website: www.gemoney.ru
About GE Money
GE Money, formerly known as GE Consumer Finance, is a leading provider of banking and credit services to consumers, retailers, auto dealers and mortgage lenders in approximately 50 countries around the world. The assets: over $ 190 bln. In 2006 net profit exceeded $ 3,5 bln. Number of Employees: over 60,000. Number of customers: over 130 mln.
Product offerings:
* Corporate travel and purchasing cards
* Credit cards * Debt consolidation
* Home equity loans
* Mortgage and motor solutions
* Personal loans
The HQ of GE Money are located in Stamford (Connecticut, USA). GE Money is a business of General Electric Company (NYSE:GE).
Contact:
Viktoria Ponomareva ,
Spokesperson, GE Money Bank
tel. (495) 258 04 00, ext. 2192,
e-mail [email protected]
Tatiana Ruzina,
R.I.M. Porter Novelli
tel. (495) 783 08 26, ext.142,
e-mail [email protected]
Cristy Williams
[email protected]
678.518.2596