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GE goes to Bangkok

GE goes to Bangkok

(Thailand) - GE Capital is establishing its Asian consumer finance headquarters in Bangkok. Citing the Country's high growth opportunities relative to Hong Kong and Singapore, its central geographic location, strong staffing pool and an experienced customer market.

GE is looking for 30 percent growth out of its local consumer finance assets this year, with current outstandings at 26 billion baht.

Current outstanding assets now stand at 26 billion baht, producing a 2001 net profit of 230 million baht off the back of a low 3.8 percent loan delinquency rate.

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