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September 03, 2015 7:31 PM ET

Banks

Company Overview of GE Money Bank, AS

Company Overview

GE Money Bank, a.s. provides banking and financial services for individuals, small entrepreneurs, and small and medium-sized businesses in the Czech Republic and internationally. The company offers current, time, and savings accounts in Czech crowns and related services, as well as current and time foreign currency accounts; domestic and foreign documentary letters of credit and collections; domestic and foreign cheque, bill of exchange, and bank guarantee services; and domestic credit and business services, such as commercial credits, and consumer and mortgage loans, as well as foreign credit. It also provides acquisition of receivables and financial leasing, as well as foreign exchange, fa...

BB Centrum

Vyskocilova 1422/1a

4 - Michle

Praha,  140 28

Czech Republic

Founded in 1998

Phone:

420 2 2444 1111

Fax:

420 2 2444 8199

Key Executives for GE Money Bank, AS

Chairman, chief Executive Officer, Chief Distribution Officer and Director
Acting Head of Finance Division and Chief Controller
Chief Risk Officer and Member of Management Board
Chief Commercial Banking Officer and Member of Management Board
Chief Retail Growth Officer
Compensation as of Fiscal Year 2015.

GE Money Bank, AS Key Developments

GE Money Bank Announces Management Changes, Effective Oct. 1, 2015

Tomas Spurny, 50, will become new CEO of GE Money Bank in CR as of Oct. 1, 2015, taking over from Sean Morrissey who leaves after more than four years to hold a position within GE Capital, adding that the change has nothing to do with the future sale of the bank. The appointment needs approval from the regulator. Spurny's last position was that of CEO of BCR. He has experience of more than 30 years in the financial sector, with positions such as CEO and CFO held at CIB Bank, PPF, Komercni banka, CCS CR and VUB Banka Intesa Sanpaolo.

GE Money Czech Republic Reports Earnings Results for the First Half of 2015

GE Money Czech Republic reported earnings results for the first half of 2015. For the period, net profit was 14% higher at CZK 2.5 billion.

GE Money Bank Seeks To Sell Its Czech Unit

GE Money Bank, AS confirmed that it may list its Czech unit if it fails to find a strategic investor to buy it out. Should no direct buyer for the business show up, the Czech unit might float its shares on the Prague Stock Exchange, unnamed banking sources told Hospodarske Noviny. A spokesperson for the GE Capital International Holdings Corporation confirmed that it is working on both scenarios.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 8, 2014
VB Leasing CZ, spol. s. r.o. and VB Leasing Services, spol. s r.o.
 

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