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Article: GE Money Bank Czech Republic launches debt-refinancing product.
- Article from:
- Czech Business News
- Article date:
- October 17, 2006
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GE Money Bank Czech Republic launches debt-refinancing product
PRAGUE. OCTOBER 17. TERFAX CENTRAL EUROPE - GE Money Bank Czech Republic has started offering a debt-refinancing product, which allows clients to bundle all their existing debt into one package, and hopes it will constitute 15-20% of loans sold in 2007, the bank announced at a press conference Tuesday.
"Our innovative product enables us to merge loans our client has at the bank or at cash-providing companies into one loan with a lower monthly fee," GE Money Bank Retail Banking Director Jan Rollo said.
GE Money Bank is the first of the Czech Republic's top banks to launch a ...