GE Commercial Finance

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
GE Commercial Finance
Division of GE Capital
FateMerged into GE Capital
DefunctNovember 18, 2008 (2008-11-18)
United States
Total assetsUS$335 billion (2007)
SubsidiariesBanque Artesia Nederland N.V. (now GE Artesia Bank)

GE Commercial Finance was a unit of GE Capital,[1] (one of five major operating divisions of General Electric). Headquartered in Norwalk, Connecticut, United States, it plays a role in over 35 countries and had assets of over US$335 billion at year end 2007.

As part of GE Capital, it offers products such as revolving lines of credit, floorplan finance, equipment leasing of various forms, real estate services, and car fleet management; the industries served include healthcare, manufacturing, fleet management, communications, construction, energy, aviation, infrastructure and equipment, as well as many others. Operations of GE Commercial Finance were eventually merged directly into GE Capital.[2][3]

GE Commercial Finance acquired the Dutch financial institution Banque Artesia Nederland N.V. in December 2006 which now trades under the name GE Artesia Bank.