Cit 2006 Annu Al Report
Total Page:16
File Type:pdf, Size:1020Kb
pggygpqp Relationship Capital + Healthcare + Discovering Unrealized Potential + Customized Solutions + Intellectual Capit + Insur?ance Services + Advisory Services + Corporate Giving Program + Capital Discipline + Customer-Centric Focus + 7,30 Employees + Mergers and Acquisitions + A Century of Experience + One CIT + Prudent Credit and Risk Management Latin America + $74 Billion in Managed Assets + Corporate Finance + Financial Capital + Middle Market Leadership + Vendo Finance + Canada + Aerospace + Factoring + Commercial Credit + Europe + New Revenue Opportunities + Communication Media & Entertainment + International Expansion + CIT Bank + Letters of Credit + Operating Leases + Australia & New Zealan + Transportation Finance + Asset-Based Lending + Capital Markets + Operational Excellence + Lines of Credit + Syndicate Loan Group + Commercial and Industrial + Consumer & Small Business Lending + Mezzanine Debt + Construction + Trad Finance + Commercial Services + Equipment Loans + Project Finance + Capital and Risk Management Trade Finance + Acquisition Financing + Commercial Real Estate + Rail + Relationship and Performance Driven Cultur + Leasing + Energy + Working Capital + Equipment Finance + Relationship Capital + Healthcare + Discovering Unrealize Potential + Customized Solutions + Intellectual Capital + Insur?ance Services + Advisory Services + Corporate Giving Progra + Capital Discipline + Customer-Centric Focus + 7,300 Employees + Mergers and Acquisitions + A Century of Experience + On CIT + Prudent Credit and Risk Management + Latin America + $74 Billion in Managed Assets + Corporate Financ + Financial Capital + Middle Market Leadership + Vendor Finance + Canada + Aerospace + Factoring + Commercial Credit Europe + New Revenue Opportunities + Communications, Media & Entertainment + International Expansion + CIT Ban + Letters of Credit + Operating Leases + Australia & New Zealand + Transportation Finance + Asset-Based Lending + Capit Markets + Operational Excellence + Lines of Credit + Syndicated Loan Group + Commercial and Industrial + Consumer & Sma Business Lending + Mezzanine Debt + Construction + Trade Finance + Commercial Services + Equipment Loans + Projec Finance + Capital and Risk Management + Trade Finance + Acquisition Financing + Commercial Real Estate + Ra + Relationship and Performance Driven Culture + Leasing + Energy + Working Capital + Equipment Finance + Relationsh Capital + Healthcare + Discovering Unrealized Potential + Customized Solutions + Intellectual Capital + Insur?ance Services Advisory Services + Corporate Giving Program + Capital Discipline + Customer-Centric Focus + 7,300 Employees + Merge and Acquisitions + A Century of Experience + One CIT + Prudent Credit and Risk Management + Latin America + $74 Billion Managed Assets + Corporate Finance + Financial Capital + Middle Market Leadership + Vendor Finance + Canada + Aerospac + Factoring + Commercial Credit + Europe + New Revenue Opportunities + Communications, Media & Entertainment International Expansion + CIT Bank + Letters of Credit + Operating Leases + Australia & New Zealand + Transportation Financ + Asset-Based Lending + Capital Markets + Operational Excellence + Lines of Credit + Syndicated Loan Group + Commerci and Industrial + Consumer & Small Business Lending + Mezzanine Debt + Construction + Trade Finance + Commercial Service CIT 2006 ANNUAL REPORT CIT 2006 ANNUAL + Equipment Loans + Project Finance + Capital and Risk Management + Trade Finance + Acquisition Financing + Commerci Real Estate + Rail + Relationship and Performance Driven Culture + Leasing + Energ + Working Capital + Equipment Finance + Relationship Capital + Healthcare + Discovering Unrealized Potential + Customize Solutions + Intellectual Capital + Insur?ance Services + Advisory Services + Corporate Giving Program + Capital Disciplin + Customer-Centric Focus + 7,300 Employees + Mergers and Acquisitions + A Century of Experience + One CIT + Pruden Credit and Risk Management + Latin America + $74 Billion in Managed Assets + Corporate Finance + Financial Capital + Midd Market Leadership + Vendor Finance + Canada + Aerospace + Factoring + Commercial Credit + Europe + New Revenu Opportunities + Communications, Media & Entertainment + International Expansion + CIT Bank + Letters of Credit + Operatin Leases + Australia & New Zealand + Transportation Finance + Asset-Based Lending + Capital Marke + Operational Excellence + Lines of Credit + Syndicated Loan Group + Commercial and Industrial + Consumer & Small Busines Lending + Mezzanine Debt + Construction + Trade Finance + Commercial Services + Equipment Loans + Project Finance Capital and Risk Management + Trade Finance + Acquisition Financing + Commercial Real Estate + Rail + Relationship an Performance Driven Culture + Leasing + Energy + Working Capital + Equipment Finance + Relationship Capital + Healthcare Discovering Unrealized Potential + Customized Solutions + Intellectual Capital + Insur?ance Services + Advisory Services Corporate Giving Program + Capital Discipline + Customer-Centric Focus + 7,300 Employees + Mergers and Acquisitions + Century of Experience + One CIT + Prudent Credit and Risk Management + Latin America + $74 Billion in Managed Assets Corporate Finance + Financial Capital + Middle Market Leadership + Vendor Finance + Canada + Aerospace + Factoring Commercial Credit + Europe + New Revenue Opportunities + Communications, Media & Entertainment + Internation Expansion + CIT Bank + Letters of Credit + Operating Leases + Australia & New Zealand + Transportation Finance + Asse Based Lending + Capital Markets + Operational Excellence + Lines of Credit + Syndicated Loan Group + Commercial an Industrial + Consumer & Small Business Lending + Mezzanine Debt + Construction + Trade Finance + Commercial Services Equipment Loans + Project Finance + Capital and Risk Management + Trade Financ + Acquisition Financing + Commercial Real Estate + Rail + Relationship and Performance Driven Culture + Leasing + Energy Working Capital + Equipment Finance + Relationship Capital + Healthcare + Discovering Unrealized Potential + Customize Solutions + Intellectual Capital + Insur?ance Services + Advisory Services + Corporate Giving Program + Capital Disciplin + Customer-Centric Focus + 7,300 Employees + Mergers and Acquisitions + A Century of Experience + One CIT + Pruden Credit and Risk Management + Latin America + $74 Billion in Managed Assets + Corporate Finance + Financial Capital + Midd Market Leadership + Vendor Finance + Canada + Aerospace + Factoring + Commercial Credit + Europe + New Revenu Opportunities + Communications, Media & Entertainment + International Expansion + CIT Bank + Letters of Cred + Operating Leases + Australia & New Zealand + Transportation Finance + Asset-Based Lending + Capital Markets Operational Excellence + Lines of Credit + SyndicatedCIT Loan Group2006 + Commercial Annual and Industrial Report + Consumer & Small Busines Lending + Mezzanine Debt + Construction + Trade Finance + Commercial Services + Equipment Loans + Project Finance Capital and Risk Management + Trade Finance + Acquisition Financing + Commercial Real Estate + Rail + Relationship an Performance Driven Culture + Leasing + Energy + Working Capital + Equipment Finance + Relationship Capital + Healthcare Discovering Unrealized Potential + Customized Solutions + Intellectual Capital + Insur?ance Services + Advisory Services www.cit.com Corporate Giving Program + Capital Discipline + Customer-Centric Focus + 7,300 Employees + Mergers and Acquisition + A Century of Experience + One CIT + Prudent Credit and Risk Management + Latin America + $74 Billion in Managed Assets Corporate Finance + Financial Capital + Middle Market Leadership + Vendor Finance + Canada + Aerospace + Factorin + Commercial Credit + Europe + New Revenue Opportunities + Communications, Media & Entertainment + Internation Expansion + CIT Bank + Letters of Credit + Operating Leases + Australia & New Zealand + Transportation Finance + Asset-Base CORPORATE INFORMATION By combining financial capital with ideas and advice, we build long-term relationships with clients that GLOBAL HEADQUARTERS BOARD OF DIRECTORS INVESTOR INFORMATION enable us to deliver innovative financial solutions and services. This novel approach to meeting our clients’ CIT Group Inc. Jeffrey M. Peek Stock Exchange Information 505 Fifth Avenue Chairman and Chief Executive Officer In the United States, CIT’s common stock needs — financial capital +intellectual capital +relationship capital — is redefining capital for tens of thou- New York, NY 10017 CIT Group Inc. is listed on the New York Stock Exchange sands of businesses and individuals worldwide. Telephone: (212) 771-0505 under the ticker symbol “CIT.” Gary C. Butler 3 Number of employees: President and Chief Executive Officer Shareowner Services We meet our customers’ needs through five business segments: Approximately 7,345 at 12/31/2006 Automatic Data Processing, Inc. To transfer securities and for address changes, write to: Number of beneficial shareholders: William M. Freeman 2 The Bank of New York 93,253 as of 2/15/2007 Chairman of Motient Corp. CORPORATE FINANCE Receive and Deliver Department Lending, leasing and other financial services to middle-market companies, through industry focused sales Susan Lyne 2* P.O. Box 11002 teams, including healthcare, energy, communications, media and entertainment. EXECUTIVE OFFICERS President and Chief Executive Officer Church Street Station Jeffrey M. Peek Martha Stewart Living Omnimedia, Inc. New