BRAbank ASA: BRA-ME - CEO resigns October 1[st]
(Bergen, 24 September 2020): Reference is made to stock exchange release 12 June 2020, announcing that BRAbank ASA (BRAbank) and Easybank ASA (Easybank) will merge with the intent to create a leading consumer and SME digital niche bank with a Nordic footprint.
As a part of the ongoing merger, BRAbank’s current CEO Hans Kristian Ljøen, will step down and take on the role as a strategic adviser until the end of November 2020. “Hans has played an instrumental role in the Bank’s turnaround and in restoring profitability. The board would like to thank Hans for his strong commitment and contributions”, says Viggo Leisner, Chairman of the Board.
Easybank’s CEO Oddbjørn Berentsen will be the CEO of the merged bank that will be re-branded from Easybank to BRAbank, effective 1 October 2020.
Oddbjørn Berentsen has been the CEO of Easybank since 2016 and has 20 years of experience from consumer finance, IT and telecom. He has vast experience from digital banking and consumer finance from turnaround of Easybank back in 2016, and management roles in Santander Consumer Bank and yA bank.
"The combination of BRAbank and Easybank creates a stronger bank better equipped to continue growth in the Nordics and increase profitability. Oddbjørn has extensive experience from companies within both consumer finance and the IT and telecom sector. His combined background is highly relevant in times of accelerated digital transformation of people’s lives and managing a digital niche bank. We look forward to support him and his team taking the merged bank to the next level”, says Viggo Leisner, chairman of BRAbank.
For further information contact:
Viggo Leisner, Chairman of the Board at BRAbank, phone: +47 920 69 998
About BRAbank
BRAbank ASA is a digital bank focused on consumer finance in the Nordics. BRAbank is a cloud-based bank with strong focus on customer experience and fintech solutions. BRAbank is based in Bergen, Norway and started operation as Monobank in November 2015 and merged with BRAbank in June 2019. The bank offers unsecured lending to qualified private individuals in Norway, Finland and Sweden. The screening process is based on an automated evaluation system, developed using the latest technology and advanced analytics. The bank also offers attractive deposit rates on its savings accounts. BRAbank is an independent bank with approximately 1,400 shareholders and is listed on the Oslo Stock Exchange's Merkur Market with ticker symbol BRA-ME.