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HP lending grows at GE.

Bangkok Post (Bangkok, Thailand)

| November 02, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Nov. 2--GE Money Thailand has reported 35 percent growth in auto hire-purchase loans, raising its total loan portfolio to 95 billion baht during the first nine months of this year.

Phanporn Kongyingyong, executive vice-president of GE Money, said the growth stemmed from the firm's strong market network of 21 service branches nationwide, GE's customer relationship management programme, the expansion of motorcycle loans and Car-4-Cash refinancing services in the provinces.

Today, the firm has 490,000 active auto and motorcycle leasing accounts.

GE Money will invest around 80 million baht opening 12 new branches in the provinces, for completion in ...

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