Monobank ASA: MONO-ME - Solid third quarter results, equity issue to fund further growth
Solid third quarter results, equity issue to fund further growth · Record-high loan growth for the quarter, net loan balance of NOK 1 867 million · Successful start to the consumer loan business in Finland · Planned equity issue of NOK 175 to 225 million, supported by current shareholders, to fund further growth · Net interest income of NOK 44.6 million, up from NOK 37.1 million in Q2 2017 · Net profit after tax reached NOK 5.7 million, up from NOK 3.0 million in Q2 2017 · Credit quality develops in line with projections after introducing internally developed score