Tomáš Spurný: Steering MONETA Money Bank’s Transformation with Discipline and Scale

As Chairman of the Management Board and Chief Executive Officer of MONETA Money Bank, Tomáš Spurný has overseen a decade of disciplined growth, strategic expansion, and digital transformation, positioning the institution as a leading force in Czech retail and SME banking.

CEO: Tomáš Spurný

MONETA Money Bank has established itself as one of the Czech Republic’s leading independent financial institutions, combining scale with a focused strategic approach to retail and small and medium-sized enterprise banking. Since its initial public offering in 2016, the bank has steadily expanded its footprint, now serving more than 15% of the national population. Central to this evolution has been the leadership of Tomáš Spurný, whose experience across Central and Eastern Europe has shaped MONETA’s trajectory into a modern, profitable, and digitally capable institution.

Spurný assumed leadership of MONETA in October 2015, bringing with him a career defined by senior roles across major banking markets in the region. A graduate of New York University and Columbia Business School, he began his professional journey at McKinsey & Company before progressing through a series of high-profile executive positions. His leadership credentials include serving as Chief Executive Officer of CIB Bank in Hungary and VÚB Bank in Slovakia, as well as leading Banca Comercială Română in Romania, part of the Erste Group. He has also held the role of Chief Financial Officer at Komerční banka and gained broader strategic experience within PPF Group and CCS.

This breadth of experience has informed a leadership style grounded in discipline, operational clarity, and strategic consistency. At MONETA, Spurný has focused on building a resilient, customer-oriented banking model capable of delivering sustainable growth across market cycles. His mandate encompasses both the strategic direction of the bank and its day-to-day management, with repeated reappointments through to 2027 reflecting continued confidence from shareholders and regulatory authorities.

Under his stewardship, MONETA has undergone a significant transformation. The bank’s cumulative net profit since its IPO has reached CZK 45.5bn, while return on equity has consistently exceeded 17.5%, underscoring a strong balance between growth and profitability. Total assets have expanded from CZK 149bn at the time of listing to CZK 505bn, while client deposits have risen to CZK 440bn. These figures reflect not only expansion in scale, but also the strengthening of MONETA’s core banking franchise.

A defining feature of this growth has been the expansion and engagement of the client base. The bank now serves approximately 1.6 million clients, with an equivalent number actively using its digital banking platforms. This alignment between customer growth and digital adoption highlights the effectiveness of MONETA’s multi-channel strategy, which combines physical presence with technological capability. Alongside its network of 123 branches and more than 1,900 ATMs, the bank has invested heavily in digital services, supported by its own call centre and a range of partnerships, including collaborations with car dealerships, a building society, and leasing providers.

Strategic acquisitions have also played a role in strengthening MONETA’s market position. The acquisition of mortgage bank Wüstenrot in 2020 marked a significant step in enhancing its retail offering, particularly in the housing finance segment. This move not only broadened the bank’s product range but also reinforced its competitiveness in a key area of the Czech banking market.

MONETA’s financial strategy has been notable for its commitment to shareholder returns. Between 2016 and 2025, the bank distributed 93% of its cumulative profit in dividends, positioning it among the most consistent dividend-paying stocks in the Czech market. This approach reflects a disciplined capital allocation framework, balancing reinvestment in growth initiatives with the delivery of tangible returns to investors.

Beyond financial performance, MONETA has also sought to strengthen its broader societal contribution. The establishment of the MONETA Clementia Foundation in 2021, initiated under Spurný’s leadership, represents a structured approach to corporate social responsibility. Since its inception, the foundation has supported projects with funding exceeding CZK 101m, reinforcing the bank’s commitment to social impact alongside its commercial objectives.

The strength of MONETA’s leadership extends beyond the chief executive. The Management Board comprises a team of experienced executives, including Carl Normann Vökt as Vice-Chairman and Chief Risk Officer, Klára Starková as Chief Operating Officer, Jan Friček as Chief Financial Officer, Jan Novotný as Chief Commercial Banking Officer, and Andrew John Geber as Chief Retail Banking Officer. This collective expertise supports the bank’s ability to execute its strategy with consistency and precision.

Looking ahead, MONETA’s position reflects a combination of scale, operational discipline, and strategic clarity. Under Tomáš Spurný’s leadership, the bank has demonstrated that sustained growth in a competitive market requires more than expansion alone. It demands a careful balance between innovation and stability, digital transformation and customer proximity, and profitability and long-term value creation.”