Financial Times FT.com

High profit from low incomes

By Florian Gimbel in Hong Kong

Published: October 23 2006 18:09 | Last updated: October 23 2006 18:09

If you are looking for clues about the future direction of General Electric, you may want to keep an eye on the spending habits of the Bangkok taxi driver or the Tokyo receptionist.

Over the past two years, the Asian operation of GE Money, the consumer finance arm of the US conglomerate, has made a push into the world’s fastest-growing retail banking market, where millions of low-income customers have yet to apply for their first credit card or personal loan.

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