Japanese lender Shinsei Bank is considering bidding for GE Capital’s Asia-Pacific assets as the mid-sized bank seeks to grow its business.
Shinsei Bank incoming president Hideyuki Kudo, who will take office in June 2015, said that the bank was looking into the deal.
Kudo said in an interview: "GE’s businesses are of high quality and stable. If the door is open for us, we intend to participate in the auction in a very aggressive manner."
In April 2015, General Electric has revealed its plans to shed most of its finance unit as part of a restructuring.
Kudo added: "I don’t know whether the assets will be sold in one package or in pieces nor what kind of time frame the sale will be conducted, but we would like to respond to a variety of possible patterns. In any case, it’s a very attractive deal."
Shinsei Bank has bought GE’s Japanese consumer finance operation for $5.4bn in 2008.