GE Capital is the financial services unit of the American multinational conglomerate General Electric. It provides commercial lending and leasing, as well as a range of financial services for commercial aviation, energy, and support for GE's industrial business units. In April 2015, GE announced its plan to create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets. GE Capital’s verticals are now aligned to drive growth in GE’s core industrial businesses – GE Capital Aviation Services , Energy Financial Services and GE Industrial Finance, which will include the Healthcare Equipment Finance business, Working Capital Solutions , and other financing activities to develop lending and leasing products for the GE Store. One financing center that serves the entire GE system, GE Treasury, and several specialty insurance platforms, are also a part of the new GE Capital. GE Capital Aviation Services is a key financial partner to more than 245 customers in 75 countries, providing aircraft leasing, financing, services and consulting in every sector of the industry. GE Energy Financial Services provides underwriting capabilities for Power, Renewables, and Oil+Gas infrastructure to meet rising demand and sustainability imperatives. GE Capital's new Industrial Finance organization serves customers in Healthcare, Transportation, Distributed Power, Marine industries and Municipalities around the world.
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