Monobank ASA: Appointment of new CFO

Bergen, 7 May 2019: Monobank ASA refers to the stock exchange release dated 27 February 2018 regarding temporary changes to the management team.

Monobank today announces that Mr. Hans Ljøen is appointed new Chief Financial Officer of Monobank ASA effective 13 May 2019. The acting CFO, Torbjørn Botnevik, will take on the role as project lead in the upcoming integration process with BRAbank ASA.

Hans Ljøen comes from the position as Chief Risk Officer of Monobank for 4 years. He has previous financial industry experience at Nordea Bank and earlier in his career he worked at PWC within audit and consulting. Ljøen earned a Certified European Financial Analyst degree and a Master in Finance from the Norwegian School of Economics (NHH).

“Hans takes on the CFO role as we move into the integration of Monobank and BRAbank at the same time as we are pursuing growth in Norway, Finland and Sweden. Hans’ risk management, banking, audit and consulting experience make him well equipped for a broad CFO role in exciting times going forward”, says Bent Gjendem, CEO of Monobank ASA.

For further information contact:
Bent H. Gjendem, Chief Executive Officer at Monobank, phone: +47 996 11 996

About Monobank
Monobank ASA is a digital bank focused on consumer finance in the Nordics. Monobank is a cloud based bank with strong focus on customer experience and fintech solutions. Monobank is based in Bergen, Norway and started operation in November 2015. The bank has experienced strong growth and went profitable after only three quarters. The bank offers unsecured lending to qualified private individuals in Norway, Finland, and Sweden. The screening process is based on an automated evaluation system. Loans are granted up to NOK 500 000. The bank also offers attractive deposit rates on its savings accounts. Deposits up to NOK 2 million are guaranteed by the Norwegian Banks' Guarantee fund, of which Monobank is a member. Monobank is an independent bank with approximately 1 000 shareholders and was listed on the Oslo Stock Exchange's Merkur Market on 16th February 2017 under the ticker symbol MONO-ME. Monobank has been awarded with "Great Place to Work" three times since the start.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.