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November 28, 2015 7:23 AM ET


Company Overview of GE Money Bank, AS

Company Overview

GE Money Bank, a.s. provides banking and financial services for individuals and businesses in the Czech Republic and internationally. It 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; and domestic and foreign cheque, bill of exchange, and bank guarantee services. The company also provides domestic credit and business services, such as commercial credits, and consumer and mortgage loans; foreign credit; acquisition of receivables, and financial and operational leasing; and foreign exchange, factoring, and forfeiting services. In addition,...

BB Centrum

Vyskocilova 1422/1a

4 - Michle

Praha,  140 28

Czech Republic

Founded in 1998


420 2 2444 1111


420 2 2444 8199

Key Executives for GE Money Bank, AS

Chief Executive Officer and Member of Management Board
Age: 50
Chief Financial Officer and Director
Chief Risk Officer and Director
Chief Commercial Banking Officer and Director
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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