GE Consumer Finance, Lowe's Sign Credit Deal

Stamford, CT, April 22--GE Consumer Finance has signed a seven-year extension of its agreement with Lowe's Companies, Inc., to continue to provide private label credit card services for the home improvement retailer's consumer and commercial customers. "We're thrilled to continue the 23-year relationship we've developed with the Lowe's team," said Mark Begor, president and CEO of GE Consumer Finance - Americas. "It's an exciting opportunity for us to partner with a growth oriented home improvement leader and build on the success of the existing private label program by developing new financing products for Lowe's." The contract extension includes the continued servicing of the Lowe's consumer and business revolving charge portfolios. GE Consumer Finance provides a full range of services to Lowe's, including marketing, risk management, customer service, collections and national field marketing.