Reuters reported General Electric plans to continue shrinking its finance arm, pulling back from consumer finance and reducing its real estate holdings.
 
According to the report, the company also expects GE Capital’s profit growth to be at a single-digit percentage rate in 2013, rather than in double digits as it lowers the amount the unit invests outside GE's core industrial operations.

“There's just so many things that are out of my control on that, that it's hard to make predictions," Immelt told the Electrical Products Group conference in Longboat Key, Florida. "I'd like that to take care of itself both by industrial (earnings) improving and by Capital shrinking, but it's just hard to predict the exact time period. But I think, in general, smaller's better."

GE Capital also intends to utilize less short-term commercial paper debt to finance its operations, cutting the amount to about $25 billion. GE Capital had about $43 billion in outstanding commercial paper at the end of the first quarter, down from $105 billion in early 2008 before the financial crisis according to the report.