GE Capital to sell New Zealand consumer finance businesses

Fri, 12 Sep 2014

By Suze Metherell Sept. 12 (BusinessDesk) - GE Capital, the finance company owned by US firm General Electric, is selling its New Zealand and Australian consumer finance businesses, including GE Money, GE CreditLine, GEM Visa card and the Countdown OneCard Visa credit card. In New Zealand, GE Money has assets worth $1.4 billion, employing 800 staff with some 530,000 customers, according to its website. Its credit cards fall under GE Finance and Insurance, which amalgamated with GE Capital NZ Funding in 2011. A spokesman for GE Capital con...

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