- Loan growth of 12% in the quarter to a net loan balance of NOK 3 212 million
- Net interest income of NOK 81.7million, up 19% from Q1 2018 (NOK 68.8 million)
- Net profit after tax reached NOK 13.8 million, up 37% from Q1 2018 (NOK 10.0 million)
- Successful launch of Monobank's unique and innovative credit card platform, a combined credit card and mobile payment app in late May
- Geographical expansion continues; quarterly loan growth mainly driven by Finland
- Euro denominated deposits fro (...)
- Oslo: Wednesday August 15, 11:00 at Hotel Continental, Stortingsgata 24, 0117 Oslo. To attend, please register with marit.olsen@abgsc.no
Webcast: The presentation from Oslo will be broadcasted live through the following link: www.monobank.no/ir
- Bergen: Thursday August 16, 08:30 at Monobank offices, Telegrafen, Starvhusgaten 4, Entrance: Olav Kyrresgate 3rd floor, Bergen To attend, please register with m (...)
Monobank ASA is pleased to announce that it has extended its management team to include Chief Product Officer (CPO) Henriette Vartdal, effective immediately.
Vartdal's main responsibility will be on emerging fin tech business and to further develop Monobank's technology platform.
A key element of Monobank's strategy is to leverage its established position in digital consumer banking to develop innovative fintech solutions for loans, deposits and credit cards that improve customers' banking and (...)
Board member in Monobank ASA, Øyvind Oanes, has informed Monobank that he will leave the Board as from and including 20th June 2018, due to a potential conflict of interest with his new role in a company within the consumer finance space.
Deputy Board Member Guro Røberg will, until further notice serve as regular board member.
For further information contact: Bent H. Gjendem, Chief Executive Officer at Monobank, phone: +47 996 11 996 About Monobank ASA: Monobank is a digital (...)Monobank is pleased to announce the launch of its credit card platform, a combined credit card and mobile payment application, which is now being adopted by customers in Norway. The combined Monocard and Mono Pay app expands Monobank's digital consumer offering and engages customers with breakthrough functionality.
"People want safe and easy-to-use banking and shopping solutions to improve their digital experiences. Our credit card platform with the Monocard and Mono Pay app provides th (...)
- Continued solid loan growth of NOK 523 million for the quarter, net loan balance of NOK 2 876 million
- Net interest income of NOK 68.8 million, up from NOK 55.9 million in Q4 2017
- Net profit after tax reached NOK 10.1 million, up from NOK 7.4 million in Q4 2017
- Euro denominated deposits from European customers commenced being accepted in mid-February through Raisin, a European deposit marketplace
- A favourable forward flow agreement with Axactor was entered into on February 14th whereb (...)
The presentation will be held in Norwegian and transferred via webcast at www.monobank.no/ir.
To attend, please register with henriette@paretosec.com
This information is sub (...)
The share capital increase has now been registered with the Norwegian Register of Business Enterprises, together with a share capital increase related to exercise of 100,000 warrants at NOK 1.50 per share.
Following the registration of the share capital increases, the Company's share capital is NOK 249,195,973 divided i (...)
Monobank ASA will make temporary changes in its management team.
Monobank ASA has employed Torbjørn Botnevik as acting CFO during Lene Sjøbakks parental leave expected to start in May 2018. Botnevik comes from the position as Head of of Reporting, Financial analysis and forecasts in Nordea Life & Pensions Norway.
For further information contact: Bent H. Gjendem, Chief Executive Officer at Monobank, phone: +47 996 11 996 About Monobank ASA: Monobank is a digital bank offering u (...)Monobank ASA has entered into an agreement where Axactor will acquire fresh unsecured consumer lending claims on a monthly basis. The agreement is valid for 24 months and is entered at a price level which confirms Monobanks provision levels.
The agreement will strengthen Monobank both operationally as well as financially. It will provide a more accurate basis for loan pricing and in addition provide a monthly confirmation of the provision level. Overall the agreement will enable the bank to pur (...)
The nomination committee of Monobank ASA (MONO-ME) proposes Øyvind Oanes and Torhild E. Torgersen as new members of the Board of Directors. The proposed changes to the board will be resolved at the Annual General Meeting on March 5th, 2018.
Øyvind Oanes is the CEO of Numbrs Personal Finance AG, a Swiss FinTech with operations in Germany and the UK. Prior to joining Numbrs, Øyvind spent 18 years in the Financial Services industry with focus on Retail Banking and has held senior roles in multiple (...)
Monobank is in the final stages of testing its credit card together with its partners Evry and Visa. The project is progressing in line with plan, and the company has decided to launch its Monobank Visa card in May and the Widerøe card in September.
The development of the joint credit card project with Widerøe and EuroBonus has progressed well during 2017. The launch plan has been revised, and the Widerøe card will be launched early fall 2018.
With the credit card project in the testing phase to (...)
The share capital increase pertaining to the Repair Offering has now been registered with the Norwegian Register of Business Enterprises.
Following the registration of the share capital increase, the Company's share capital is NOK 248,318,203 divided into 248,318,203 shares with a par value of NOK 1 per share.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Bergen, 1 December 2017
Reference is made to the announcement on 16 November 2017 regarding the launch of the repair offering (the "Repair Offering") in Monobank ASA (the "Company") and the national prospectus dated 16 November 2017 (the "Prospectus"). The Company hereby announces the final results of the Repair Offering.
The subscription period in the Rep (...)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Bergen, 30 November 2017
Reference is made to the announcement on 16 November 2017 regarding the launch of the repair offering of up to 12,162,162 offer shares at a subscription price of NOK 3.7 per share (the "Repair Offering") in Monobank ASA (the "Company") directed towards shareholders of the Company as of 17 October 2017 as registered in the Norwegian (...)
MONO-ME Cooperation with European deposit distribution partner Raisin
Monobank ASA (MONO-ME) has signed a German and European service agreement with Berlin based Raisin GmbH, the leading deposit provider to the European Economic Area. The cooperation will allow Monobank to provide deposit products via the Raisin internet platform to European private individuals, hereunder predominantly to the residents of Germany, France, Austria and Spain.
"The scalability in our platform is Monoban (...)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Bergen, 16 November 2017
Reference is made to the announcement on the Oslo Stock Exchange dated 23 October 2017 regarding the completion of a private placement of approximately NOK 175 million in Monobank ASA (the "Company") targeting certain existing shareholders of the Company and several new investors (the "Private Placement") and to the announcement on t (...)
The share capital increase in Monobank ASA resolved by the extraordinary general meeting on 8 November 2017 in connection with the private placement announced 23 October 2017 has been registered in the Norwegian Register of Business Enterprises. Following the registration Monobank ASA's share capital is NOK 248 265 675 divided into 248 265 675 shares, each with a nominal value of NOK 1.
This information is subject to the disclosure requirements pursuant to section 5 -12 of (...)
The extraordinary general meeting of MONOBANK ASA was held on 8 November 2017 at Starvhusgaten 4, Bergen.
All proposals on the agenda were adopted.
The complete minutes of the extraordinary general meeting are attached to this release and are also available on www.monobank.no.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Bergen, 23 October 2017
Completion of private placement and intention to apply for full listing within the next 12 months
Reference is made to the stock exchange announcement published 18 October 2017 regarding a private placement (the "Private Placement") in Monobank ASA ("Monobank" or the "Company").
The Company announces that the board of directors (...)
- Record-high loan growth for the quarter, net loan balance of NOK 1 867 million
- Successful start to the consumer loan business in Finland
- Planned equity issue of NOK 175 to 225 million, supported by current shareholders, to fund further growth
- Net interest income of NOK 44.6 million, up from NOK 37.1 million in Q2 2017
- Net profit after tax reached NOK 5.7 million, up from NOK 3.0 million in Q2 2017
- Credit quality d (...)
A presentation of results from Q3 2017 will be held:
18 October 2017 (changed from 19 October 2017)
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
MONO - Successful placement of NOK 100 million Tier 1 and Tier 2 capital
Bergen, 29 August 2017
Reference is made to the stock exchange notices published on 29 May and 13 June 2017 regarding Monobank ASA's ("Monobank") contemplated issuance of Tier 1 and Tier 2 bonds.
Monobank has today, 29 August 2017, issued a NOK 50 million Tier 1 bond with a coupon rate of 3m NIBOR + 7.00% and a NOK 50 million Tier 2 bond with a coupon rate of 3m NIBOR + 5.00%.
The Tier 1 bond is perpetual with optional re (...)
- Continued solid net loan growth of 284 million for the quarter, net loan balance of NOK 1 446 million
- Successful launch of consumer loan business in Finland on 29th May
- Net interest income of NOK 37.1 million, up from NOK 29.9 million in Q1
- Operating expenses in line with expectations
- Net profit after tax reached NOK 3.0 million
- Continued improved credit quality in line with projections after introducing internally develo (...)
A presentation of results from Q2 2017 will be held:
- Oslo: Wednesday 16 August 2017, 08:30 to 09:30 at Hotel Continental, Stortingsgaten 24/26, Oslo
- Bergen: Thursday 17 August 2017, 08:30 to 09:30 at Hotel Scandic Ørnen, Lars Hilles gate 18, Bergen
To attend, please register with Carine Friis Kyrkjebø, carine.kyrkjebo@abgsc.no, phone: +47 22016163
Please find the invitation attached.
The presentation on Wednesday 16 August 2017 will be transferred via webcast at www.monobank.no/ir
(...)