Monobank ASA: MONO-ME Solid growth and improved profitability
· 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 from Germany, Austria, France and Spain through Raisin, a German online deposit