Tomas Spurny: Competition by business model
As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our May CEE focus.
Tomas Spurny has spent most of his career rescuing and restructuring some of central Europe’s larger lenders. Most recently, Erste tapped him to turn around struggling market leader BCR in Romania. Before that he spent three years in Budapest cleaning up CIB Bank for Intesa Sanpaolo.
Three years ago he returned to his native Prague to take on a different type of challenge: preparing GE’s Czech banking subsidiary for a public listing and life as an independent lender.
One of his first priorities after the IPO in 2016 was to narrow the gap between the newly rebranded Moneta Money Bank and its larger Czech rivals in terms of technology.
“The previous owner hadn’t invested in digitalization so there was a lot of catching up to do,” says Spurny.
That has required a significant investment from Moneta’s relatively small budget.