Decade-long relationship with leading national retailer extended for four years
Program provides credit, convenience, security and value to millions of consumers in communities throughout the United States
STAMFORD, Conn. --- November 6, 2009 --- GE Capital Retail Consumer Finance, a consumer lending unit of General Electric Company (NYSE:GE), today announced a four year renewal of its private label credit card program with leading national retailer J.C. Penney Company, Inc. (NYSE:JCP).
* 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
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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.
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.
