GE: No plans to return to mortgage market
By
BN
|
4/05/2010 12:00:00 AM
|
0
comments
Australia’s largest non-bank financial services company, GE Capital, has said it will continue its strategy of targeting markets in Australia and New Zealand where the major banks can’t or won’t operate.
In an interview with the Australian Financial Review, CEO Skander Malcolm said the company had largely completed its restructuring that saw it sell off the Wizard franchise as well as its car finance business.
Malcolm, who took the helm two months ago, said the business was committed to remaining businesses it operated. GE Capital is still a major financier of corporate finance, inventory finance, fleet and equipment finance, credit insurance and personal lending.
Latest Comments