GE Capital Germany plans to double, at least, its total leasing assets, which currently stand at $4bn, over the next four-years, according to chief executive Joachim Secker.
The growth, Secker told Dow Jones on Friday, will be achieved organically and through acquisitions, adding that capital growth is available from its parent company, entitling him to buy portfolios or companies. Secker declined, however, to reveal if GE Capital is currently in talks about acquisitions.
Dow Jones also reported that IKB Leasing, the leasing arm of German bank IKB Deutsche Industriebank, could well be preparing for a sale and that GE Capital and Deutsche Leasing are likely to make bids.
Secker’s announcement supports GE’s ambitions, revealed last year, to grow its business in Europe, especially in Germany, Norway and Sweden, central and eastern Europe and Russia.
Related
In Germany, GE Capital has leasing, factoring, investment loans, fleet services and inventory financing operations.
