![\"Moneta\"](\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2016\/08\/Moneta.jpg\")
<\/p>\n<\/p>\n
A network of 229 branch offices and no less than 620 ATMs ensure that MONETA\u00a0Money Bank is never far away from its around 1.2 million clients in the Czech Republic. One of the country\u2019s largest financial services providers, the bank debuted on the Prague Stock Exchange in May when its parent company GE Capital took it public and sold 51% of its shares for around $1.5bn.<\/strong><\/p>\n Opting to price the IPO on the lower end of the expected range ensured that the launch was carried out smoothly. Investors are confident that MONETA Money Bank \u2013 formerly trading as GE Money Bank \u2013 represents excellent value. The Czech economy, barrelling ahead at a 4.3% annual clip, and the country\u2019s solid financials, ensure sustained profitability.<\/p>\n MONETA Money Bank will retain the policy of paying out 70% of profits in dividend. At the current level of both profit and share price, that pushes the annual yield to almost 9%, significantly above the results of MONETA Money Bank\u2019s main competitors. The CFI.co judging panel agrees that MONETA Money Bank is an exceptionally well-run bank and one of systemic importance to the Czech economy. Its successful entry onto the market merits recognition. MONETA Money Bank is thus granted the 2016 Best Bank IPO Europe Award.<\/p>\n","protected":false},"excerpt":{"rendered":" A network of 229 branch offices and no less than 620 ATMs ensure that MONETA\u00a0Money Bank is never far away from its around 1.2 million clients in the Czech Republic.<\/p>\n","protected":false},"author":1,"featured_media":3374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[10,11,53],"tags":[63],"class_list":["post-3372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-finance","category-front","tag-ipo"],"yoast_head":"\n
\nLast year, the bank\u2019s profits increase by 4.6% for a return on tangible equity of almost 17%. With such numbers, the time was right for GE Capital to take its Czech bank public.<\/p>\n