Daily News: December 23, 2014

GE Capital Named Best Factoring House

GE Capital was named as 2014 best global factoring house by Global Trade Review , the international publication for the trade commodity and export finance industry.

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.”