STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 21, 2005--Furthering its growth strategy, GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE:GE), today announced that it has entered into an agreement to purchase and manage the private label credit card assets of Belk, Inc., the nation's largest privately owned department store company. Belk operates 278 stores in 15 Southeast and Mid-Atlantic states under the names Belk, McRae's and Proffitt's.
ST. PAUL, Minn.--(BUSINESS WIRE)--Nov. 8, 2005--Saxon Motorcycle Company, a manufacturer of quality custom choppers and pro street motorcycles, has announced a new consumer financing program in cooperation with GE Consumer Finance.
The FUNancing program will provide installment lending to Saxon's nationwide dealer network. Saxon customers will now have access to the competitive rates, attractive terms, and special promotions the FUNancing program offers.
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SHENZHEN, China--(BUSINESS WIRE)--Oct. 20, 2005--GE Consumer Finance ("GECF"), the global consumer lending unit of General Electric Company (NYSE: GE), and Shenzhen Development Bank (SZSE 000001, "SDB"), the first publicly traded bank in China, today announced that they have entered into a Strategic Cooperation Agreement to develop consumer finance opportunities in China.
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DAYTON, Ohio--(BUSINESS WIRE)--Oct. 3, 2005--GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE) and one of the world's leading consumer lenders, has signed a multi-year contract with cargo trailer manufacturer Wells Cargo to provide a new customer financing program.
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STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 3, 2005--GE Consumer Finance (GECF), the global consumer lending unit of the General Electric Company (NYSE: GE), announced today it has reached an agreement to acquire a majority interest in Keppel Bank Philippines (KBP) for US$25.8 million. The transaction, which was made through GECF's affiliate, GE Capital International Financing Corporation, is subject to regulatory approvals. Upon closing, GECF will assume operational control of the bank.
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DAYTON, Ohio--(BUSINESS WIRE)--Sept. 23, 2005--Case Design/Remodeling, Inc. (www.casedesign.com) is introducing a new private label credit card specifically for home remodeling and improvement projects. The new Case Card will be serviced by GE Consumer Finance, Retail Sales Finance.