Monobank has approved its first loans in Finland. Geographical 
expansion is an important component in Monobank's growth strategy. 
Finland is the first market outside Norway where Monobank opens 
lending operations. The expansion will help accelerate the bank's 
strong lending growth in 2017. 

"The market characteristics in Finland resembles Norway. Launching 
in Finland, we will be able to draw on vital experience from the 
Norwegian market, as well as build on our robust and scalable IT and 
operations platform," said Bent H. Gjendem, CEO.

Monobank started operations in Norway in November 2015. The bank has 
grown quickly, and expects its lending volume in the Norwegian 
market to reach NOK 1.8 billion by year-end 2017. In addition, the 
bank expects to achieve a considerable Finnish volume already this 
year.

"We expect to achieve a considerable lending volume in the Finnish 
market, and plan to apply the experiences gained  from our first 
months of operation to fine-tune and manifest our ambitions," said 
Bent H. Gjendem.

Monobank's loan activities in Finland will be conducted from the 
company's offices in Bergen, Norway, thus providing considerable 
operational synergies.

For further information, please contact:
Bent H. Gjendem, Chief Executive Officer at Monobank, phone: +47 996 
11 996

About Monobank ASA:
Monobank is an internet-based bank offering unsecured lending to 
qualified private individuals in Norway.  Operations started out of 
Bergen, Norway, in November 2015 after received its banking license 
from the Financial Supervisory Authority of Norway.  The bank also 
offers attractive deposit rates on its savings accounts. Deposits up 
to NOK 2 million are guaranteed by the Norwegian Bank's Guarantee 
fund, of which Monobank is a member. For further information, please 
visit the company web page www.monobank.no.