SMBC acquires GE Capital $2.2bn European loan book

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SMBC acquires GE Capital $2.2bn European loan book

Ross Lancaster
July 02, 2015 07:15 pm
GE logo 230x150
FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is displayed at Western Appliance store in Mountain View, Calif. GE Capital said Friday, Dec. 24, 2010 it will sell a Mexican consumer mortgage business that includes a $2 billion loan portfolio to Grupo Financiero Santander Mexico. The lending unit of Fairfield, Conn.-based General Electric Co. will receive about $170 million, according to a company official who wasn't authorized to talk about the deal. (AP Photo/Paul Sakuma, File) | Paul Sakuma/ASSOCIATED PRESS

Sumitomo Mitsui Banking Corp has increased its commitment to European leveraged finance, buying a $2.2bn portfolio of leveraged buyout loans from GE Capital.

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