The Herald Sun on Saturday reported that GE Money would, eventually, become a fully fledged bank in Australia.GE's managing director in Australia, Tom Gentile, said the financier would "move to deposit taking over the next few years." Gentile made the remark at a staff gathering to record the tenth anniversary of GE Money's business in Australia. GE's entry to the Australian market dates from the takeover of Coles Myer's store card and payment processing business in 1995.Gentile told the Herald Sun that GE's interest in gaining a banking licence was more linked to plans to offer debit cards and offset accounts for mortgage products than the development of any plans to become a full service bank."Deposit taking is a core strategic goal for GE Money globally. It would also open other opportunities for us [here in Australia]," Gentile said.