Beskrivning
| Land | Norge |
|---|---|
| Sektor | Finans |
| Industri | Nischbank |
2019-05-07 16:01:16
Bergen, 7 May 2019: The Financial Supervisory Authority of Norway
("Finanstilsynet") has finalized its evaluation of Monobank ASA's (the
"Company") Supervisory Review and Evaluation Process (SREP) and set the
Company's Pillar 2 buffer requirement to 6.2 % of risk-weighted assets effective
as of 30 June 2019.
As previously announced, the merger between the Company and BRAbank ASA is
expected to be completed within the end of June 2019. The combined bank's pro
forma CET1 as of 31 March 2019 is calculated to 21.7 %. Following
Finanstilsynet's decision, the combined bank's CET1 requirement at that date
would have been 17.5%.
"The merger with BRAbank will enable us to create a bank that is well
-capitalized to fulfil the new capital requirements and positioned to pursue our
growth ambitions", says Bent Gjendem, CEO of Monobank.
For further information contact:
Bent H. Gjendem, Chief Executive Officer at Monobank, phone: +47 996 11 996 or
Hans Ljøen, Chief Financial Officer at Monobank, phone: +47 481 87 750.
About Monobank
Monobank ASA is a digital bank focused on consumer finance in the Nordics.
Monobank is a cloud based bank with strong focus on customer experience and
fintech solutions. Monobank is based in Bergen, Norway and started operation in
November 2015. The bank has experienced strong growth and went profitable after
only three quarters. The bank offers unsecured lending to qualified private
individuals in Norway, Finland and Sweden. The screening process is based on an
automated evaluation system. Loans are granted up to NOK 500 000. The bank also
offers attractive deposit rates on its savings accounts. Deposits up to NOK 2
million are guaranteed by the Norwegian Banks' Guarantee fund, of which Monobank
is a member. Monobank is an independent bank with approximately 1 000
shareholders and was listed on the Oslo Stock Exchange's Merkur Market on 16th
February 2017 under the ticker symbol MONO-ME. Monobank has been awarded with
"Great Place to Work" three times since the start.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.