Monobank ASA: Profitable growth restored in Q1 2019
Highlights: · Net profit after tax of NOK 16.1 million vs a deficit of NOK 8.8 million in Q4 2018 · Net loan balance increased 7.6 per cent vs Q4 2018 · Net interest income of NOK 100.2 million, up 5.4 per cent vs Q4 2018 · Net profit after tax of NOK 16.1 million vs a deficit of NOK 8.8 million in Q4 2018 · The proposed merger with BRAbank approved by AGM · Transaction expected to be completed in Q2 2019 · Transaction will exploit significant scalability in Monobank’s business model · Successful launch of digital consumer finance in Sweden The