GE 2006 Annual Report Download - page 16

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emerging markets
We integrate fi nance, technology
and infrastructure to accelerate
growth in emerging markets.
Emerging markets represent regions
where new opportunities have converged
to enable powerful growth. With an
expanding GDP, increased demand for
lending and declining unemployment, the
Russian market is an ideal opportunity for
consumer fi nance.
GE Money entered the market in 2004
with over 300 sales outlets in 10 cities.
In just two years consumer loan assets
grew from $50 million to $200 million
with a target of $600 million by the end
of 2007.
Consumer lending in
Russia is projected to
grow from $155 billion
to over $1 trillion
by 2015
29
2006
~50
2010*
24
2005
22
2004
EMERGING MARKETS REVENUES
(In $ billions)
*Forecast
14 ge 2006 annual report