GE Capital Retail Bank, an operating unit of the
General Electric Company
), recently penned a new contract to extend the consumer
financing program of KTM North America, Inc., a Powersports
vehicle manufacturer. The multi-year extension entails KTM
customers to avail installment financing program at over 340
dealers nationwide for its complete line of new and used on- and
KTM has a long-standing business association with GE Capital
Retail Bank, spanning more than a decade, whereby its customers
could finance the unit purchase along with its parts, services
and accessories. The extension of the existing contract strengths
the mutual relationships and reinforces GE Capital Retail Bank as
the premier financial solutions provider for retailers and
Over the years, GE Capital Retail Bank has provided a plethora of
customized credit programs to retailers and consumers in the
Powersports industry in the U.S. and Canada to augment sales. At
the same time, it supported the client and dealer networks with
access to proprietary online technology such as Business Center,
which provided valuable insights to General Electric's marketing
and sales tools; and Learning Center, which offered a
comprehensive training tool for powersport dealerships.
General Electric is one of the largest and the most diversified
technology and financial services corporations in the world. With
products and services ranging from aircraft engines, power
generation, water processing, and security technology to medical
imaging, business and consumer financing, media content and
industrial products, the company serves customers in more than
100 countries and employs more than 287,000 people worldwide.
Its segments include Energy Infrastructure, Aviation, Healthcare,
Transportation, Home & Business Solutions and GE Capital,
Healthcare Financial Services. With more than 75 years of
experience in consumer financing, GE Capital's Retail Finance
business is one of the most successful retail lenders in the U.S.
General Electric currently has a Zacks Rank #3 (Hold). We have a
long-term Neutral recommendation on the stock. We also have a
Neutral recommendation and a Zacks Rank #3 for
), one of the peers of General Electric.
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