The Financial Supervisory Authority approves the merger between Monobank ASA and BRABank ASA
09.05.2019 Reference is made to prior announcements regarding the merger between Monobank ASA (Monobank) and BRAbank ASA (BRAbank) approved by the companies' annual general meetings 20 March 2019, with the intent to create a well-capitalised bank with a broad distribution platform and fully funded growth ambitions. Monobank and BRAbank are pleased to announce that the Financial Supervisory Authority of Norway (Finanstilsynet) has approved the merger, enabling formal completion by the end of June 2019, as previously communicated. Monobank's CEO Bent H. Gjendem will continue as CEO