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.
business unit
tags
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.
business unit
tags
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.
business unit
tags
ST. PAUL, Minn.--(BUSINESS WIRE)--Sept. 18, 2005--The Retail Sales Finance unit of GE Consumer Finance has announced a multi-year agreement with The Marvin Companies to provide private label credit card financing for all of the Marvin Companies' product line.
The Marvin Companies is one of the largest made-to-order window and door manufacturers in the world, with three product lines: Marvin Windows and Doors, Infinity from Marvin, and Integrity from Marvin.
business unit
tags
STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 30, 2005--GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE), today announced that it will offer a new private label credit card to U.S. customers of IKEA, the world's leading home furnishings retailer. The IKEA Card will be issued by GE Consumer Finance and will be available to IKEA shoppers in the coming months.
business unit
tags
ISTANBUL, Turkey--(BUSINESS WIRE)--Aug. 26, 2005--Dogus Holding A.S and GE Consumer Finance (GECF) the global consumer lending unit of General Electric Company (NYSE: GE), today announce that the parties have reached agreement regarding the acquisition by GECF of a 25.5% share in Garanti Bank, Turkey's third largest private bank. The transaction is subject to regulatory approvals, and is expected to close in the fourth quarter of this year.
business unit
tags
KETTERING, Ohio--(BUSINESS WIRE)--Aug. 16, 2005
GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE), today announced it plans to acquire E*TRADE Consumer Finance Corporation, an affiliate of E*TRADE FINANCIAL Corp., which provides consumer financing solutions for recreational vehicles and marine products.
business unit
tags
SEOUL, Korea--(BUSINESS WIRE)--Aug. 9, 2005
GE Consumer Finance (GECF), the global consumer lending unit of General Electric Company announced today that it has signed an agreement with Hyundai Card, one of South Korea's leading credit card providers, to form a strategic alliance in Korea.
Under the terms of the agreement, GE Consumer Finance will acquire a 43% stake in Hyundai Card through a purchase of shares valued at $305 million, and participate in a rights issue in the amount of $162 million.
business unit
tags
SALT LAKE CITY--(BUSINESS WIRE)--Aug. 4, 2005
While studies show budgets for corporate meetings and events to be on the rise, so is the need to track and control expenditures. GE Consumer Finance's Corporate Payment Services unit has developed a suite of payment solutions for corporate meeting planners. The different options provide increased control and streamlined accounting for complex, large-budget events.