The National Business Review reported that GE Capital is selling its New Zealand and Australian consumer finance businesses.

According to the Review, the business has $1.4 billion in assets and over 500,000 customers.

The Review quotes a GE spokesman as saying, “To achieve its full growth potential, our consumer business needs to be aligned with a company that has similar growth ambitions in the consumer space or by establishing a standalone business”

To view the full National Business Review report, click here.