PRZOOM - /newswire/ -
London, United Kingdom, 2015/01/05 - GE Capital, a leading alternative finance provider to the mid-market, has been named as 2014 best global factoring house by Global Trade Review, the international publication for the trade commodity and export finance industry - GECapital.eu. NYSE: GE
The award was the result of a poll of the publication’s corporate subscribers in its annual “Leaders in Trade” awards. Around 3,000 subscribers as well as other companies engaged in cross-border trade activities were asked to vote on which financial institutions they deemed to be the best across a series of international categories.
Richard Laxer, President and Chief Executive, GE Capital International, said: “We are honoured to have received the Best Factoring House award. Factoring is an important business for GE Capital and we believe that our expertise and global capabilities position us strongly to deliver financing solutions that service our customers' needs. We value this award particularly as it was voted for by our peers, customers and other global trade partners.”
As one of the world’s largest factoring companies, GE Capital lends around $250 million daily to mid-market firms. This includes both recourse and non-recourse invoice discounting with confidential facilities available.
On an international basis, GE Capital offers cross border financing to deliver global growth for customers offering global relationship management with local experts and knowledge, as well as access to GEs industrial expertise, through its Access GE programme.
About GE Capital International
GE Capital International is a leading, global provider of specialist finance to the mid-market, with headquarters in London and serving customers from 30 markets across EMEA and Asia Pacific.
GE Capital International is focussed on driving growth in its core commercial leasing & lending products and markets. It provides mid-market customers with a wide range of financing solutions including accounts receivable management, inventory finance, asset backed lending, cross-border financing, leveraged finance, leasing/vendor finance and fleet management solutions.
GE Capital (gecapital.eu) is one of Europe’s leading providers of leveraged finance for mid-market private equity backed transactions and has a leveraged loan portfolio in excess of €5 billion across EMEA covering 160 companies in the region.