MOSCOW--(BUSINESS WIRE)--Aug. 11, 2004-DeltaBank is a Leading Issuer of Visa Cards in Russia GE Consumer Finance (GECF), the global consumer lending unit of General Electric Company (NYSE: GE), today announced that it has reached an agreement to acquire DeltaBank, a Moscow-based Russian consumer bank. DeltaBank's majority shareholders are Delta Russia Fund and The U.S.-Russia Investment Fund, both managed by Delta Capital Management.
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STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 8, 2004-- Dillard's Inc. selects GE unit to provide retail credit card services and program support for its customers GE Consumer Finance, a global leader in retail credit car programs and other consumer lending services, announced today that it has entered into an agreement to purchase substantially all of the assets of Dillard National Bank, the private label credit card issuing bank of Dillard's Inc. (NYSE: DDS), for approximately $1.25 billion.
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STAMFORD, Conn.--(BUSINESS WIRE)--July 14, 2004--Kirkland's, Inc., a leading U.S. retailer of home decor, and GE Consumer Finance, one of the world's leading consumer lenders, today announced the signing of an agreement to launch the retailer's first-ever private-label credit card program. The new Kirkland's card will be offered at the chain's 282 stores in 36 states, providing qualified customers with a range of valuable programs and benefits.
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ST. PAUL, Minn.--(BUSINESS WIRE)--July 12, 2004--Yamaha Motor Corporation, U.S.A. and GE Consumer Finance announce the launch of a national program, offering installment credit to customers for the purchase of powersports and marine equipment and accessories.
The Yamaha Installment Financing program is being rolled out through the network of over 2,300 Yamaha Motor Corporation dealers nationwide
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GE Consumer Finance to Acquire WMC Finance Co.
STAMFORD, Conn.--(BUSINESS WIRE)--April 20, 2004--GE Consumer
Finance, the consumer lending unit of General Electric Company
(NYSE:GE), today announced it plans to acquire WMC Finance Co. Terms
were not disclosed.
The transaction, which is subject to regulatory approval, is
anticipated to close in the third quarter of 2004 and will expand GE's
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STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 19, 2003--LESCO, Inc. (LESCO) and GE Business Credit Services, the commercial arm of GE Consumer Finance, recently signed an exclusive agreement to provide receivables management and marketing solutions to LESCO customers, including an open account trade credit program and a revolving credit program.
The new programs will be introduced to LESCO's nationwide customer base in 2004 and are expected to help the company extend its market reach, increase operating efficiencies, lower expenses and free working capital.
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STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 10, 2003--Aprilia World Service USA, Inc. and GE Retail Sales Finance today announced the simultaneous launch of national credit programs for the Aprilia and Moto Guzzi brand motorcycles, accessories and apparel.
Customers looking for increased purchasing power will have the opportunity to apply for closed-end financing on any new Aprilia or Moto Guzzi model, as well as instant credit financing on an Aprilia or Moto Guzzi branded credit card.
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STAMFORD, Conn.--Oct. 23, 2003--GE Consumer Finance announced today that it has signed a two-year extension of its agreement with American Eagle Outfitters, Inc., to continue to provide private labe credit card services for the apparel retailer throughout the U.S. until Jan. 1, 2008.
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BENTONVILLE, Ark.--Oct. 14, 2003--Wal-Mart Stores, Inc. is offering its private label credit card customers more reasons to shop this fall by adding a robust set of features that deliver both cost savings and additional convenience.
The new card will allow customers to:
-- Choose their own payment due date
-- Make in-store payments at any Wal-Mart register
-- Receive a 3-cents-per-gallon discount on gasoline purchases at participating locations