Santander has acquired GE Money's Credit Cards, Store Finance and auto business. Mortgages & Secured Loans remain with GE money.
On 7th January 2009 GE Capital Bank Limited, which provides GE Money credit cards as well as store finance and auto business, was acquired by Banco Santander SA. As a result GE Capital Bank Limited will be part of the Santander group. This will not affect your account, so please continue to deal with us in exactly the same way.
Santander is one of the ten largest banks in the world by market capitalisation with 65 million customers worldwide. In the UK, Santander owns Abbey, Alliance and Leicester and Bradford & Bingley's retail deposit business. GE Money's credit cards, storecard and auto finance business complement Santander's existing Cards and Consumer Finance businesses.
GE Money Mortgages & Secured Loans are still managed by GE Money and are not included in the acquisition.
On 7th January 2009 GE Capital Bank Limited, which provides GE Money credit cards as well as store finance and auto business, was acquired by Banco Santander SA. As a result GE Capital Bank Limited will be part of the Santander group. This will not affect your account, so please continue to deal with us in exactly the same way.
Santander is one of the ten largest banks in the world by market capitalisation with 65 million customers worldwide. In the UK, Santander owns Abbey, Alliance and Leicester and Bradford & Bingley's retail deposit business. GE Money's credit cards, storecard and auto finance business complement Santander's existing Cards and Consumer Finance businesses.
GE Money Mortgages & Secured Loans are still managed by GE Money and are not included in the acquisition.
Comment