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GE Capital Closes the Sale of its GE Money Bank AB (Nordics) to Santander Consumer Finance S.A - GE Capital, the financial services division of GE, said today that it has closed the sale of its GE Money Bank AB (Nordics) consumer finance business to Santander Consumer Finance S.A. The deal was announced on June 21, 2014 - GECapital.com
GE Capital Closes the Sale of its GE Money Bank AB (Nordics) to Santander Consumer Finance S.A

 

NewswireToday - /newswire/ - Norwalk, CO, United States, 2014/11/06 - GE Capital, the financial services division of GE, said today that it has closed the sale of its GE Money Bank AB (Nordics) consumer finance business to Santander Consumer Finance S.A. The deal was announced on June 21, 2014 - GECapital.com. NYSE: GE

   
 
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“This sale is part of our overall strategy to focus GE Capital on our commercial portfolio with a goal of becoming 25% of GE’s overall earnings,” said Keith Sherin, chairman and CEO, GE Capital.

About GE Capital

GE Capital (gecapital.com) offers customers around the globe an array of financial products, services and insights to help them grow their businesses.

About GE

GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

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GE Capital Closes the Sale of its GE Money Bank AB (Nordics) to Santander Consumer Finance S.A

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GE Money Bank AB |
Publisher Contact: Susan Bishop - GE.com 
203-750-5362 susan.bishop[.]ge.com
 
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