<PAGE 1>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) April
23, 1997
IBM CREDIT CORPORATION
_________________________________________________
(Exact Name of Registrant as Specified in Charter)
Delaware 1-8175 22-2351962
____________________________ _____________ _____________________
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1133 Westchester Avenue, Room 3C2108
White Plains, New York 10604
__________________________________________ ___________
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (914) 642-3000
Not Applicable
_____________________________________________________________
(Former Name or Former Address, if changed Since Last
Report)
- -
Item 5. Other Events
The Registrant's press release dated April 23, 1997, regarding
its financial results and selected balance sheet information
as of and for the period ended March 31, 1997, is attached.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duty authorized.
IBM CREDIT CORPORATION
(Registrant)
By:
/s/ Kimberly A. Kispert
______________________________
Name: Kimberly A. Kispert
Date: April 23, 1997 Title: Controller and Treasurer
- -
<PAGE 2>
IBM CREDIT CORPORATION REPORTS 1997 FIRST-QUARTER RESULTS
WHITE PLAINS, New York, April 23, 1997 . . . IBM Credit Corporation
today reported first-quarter 1997 net earnings of $79.2 million, an
increase of 7 percent, compared with $73.9 million for the same 1996
period. The return on average equity was 22.1 percent, compared with
24.4 percent in the first quarter of 1996.
Capital equipment financing originated for end users in the first
quarter of 1997 increased by 7 percent to $1,323.4 million, compared
with $1,233.4 million for the first three months of 1996. Working
capital financing originated for distribution channels in the first
quarter of 1997 rose 23 percent to $3,127.7 million, compared with
$2,550.1 million for the same 1996 period.
At March 31, 1997, total assets were $12.8 billion, compared with
$12.9 billion at December 31, 1996, a decrease of 1 percent. Retained
earnings at March 31, 1997, were $1,006.8 million, compared with $977.6
million, at December 31, 1996, an increase of 3 percent.
IBM Credit Corporation is a wholly owned subsidiary of IBM Corporation,
offering businesses of all sizes end-user customer leasing and
financing for IBM and complementary solutions and non-IBM information
technology acquired from IBM or remarketers. A broad array of asset
management services is offered, and IBM Credit also provides
remarketers with inventory and accounts receivable financing. Visit
the IBM customer financing home page at www.financing.ibm.com.
# # #
