* Operating profit[1] in the first half of 2009 exceeded CZK 2.9 billion, a year-on-year increase of 13.5%
* Clients' deposits grew by 56% over the prior year, to CZK 102.1 billion
* Loans to clients exceeded CZK 100 billion for the first time, up 17.8% on prior year
business unit
tags
Sales Finance Unit to Provide Consumer Financing Program for Consumer Electronics Retailer
GE Money and ABC Warehouse, a leading consumer electronics and appliance retailer, today announced a multi-year agreement to provide consumer financing through the company's store locations and online stores.
business unit
tags
Sales Finance unit to provide consumer financing to leading Caribbean retailer
GE Money and Rooms To Go - Puerto Rico today announced a multi-year agreement to provide consumer financing through the home furnishing retailer's six locations on the island.
The Rooms To Go Credit Card, issued through GE Money's Sales Finance unit, provides flexible financing promotions and extended terms, including no-interest periods of up to 60 months.
business unit
tags
Dacor®, market leader in luxury kitchen appliance design, manufacturing and distribution, and GE Money today announced a multi-year agreement to provide consumer financing on the purchase of eligible Dacor appliances. Beginning August 1, the new financing program, backed by GE Money's Sales Finance unit, will be available nationwide through participating Dacor dealers.
business unit
tags
GE Money Sport Card Available Through U.S. Giant Bicycle Dealers
GE Money announced a multi-year agreement to provide consumer financing for Giant Bicycle, a leading supplier of bikes in the U.S. The GE Money Sport Card, managed by GE Money's Sales Finance unit, provides cyclists with a convenient revolving credit program and special promotions that makes buying a new Giant bike as easy as riding one.
business unit
tags
GE SCF, a société de credit foncier (special purpose company) 99.9% owned by GE Money Bank that specializes in lending to private individuals, has successfully completed the initial issue of its program of €5 billion in covered bonds backed by high-quality mortgage assets. This initial issue is for €1 billion maturing in 5 years, was issued at 105 basis points over mid-swap and comes with a 3.75% coupon. GE SCF intends to conduct new issues in the future and become a regular issuer on the market.