BRAbank ASA: BRA-ME - Organizational update – founder and former CEO Bent Gjendem leaves the company

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 result of the ongoing merger, founder, previous CEO and currently strategic adviser at BRAbank, Bent Gjendem will leave the company effective as of today.

“I would like to thank Bent for his commitment during the first five years of our journey. Bent has been instrumental in taking BRAbank from a small Bergen based challenger to an established digital consumer bank in the Nordics” says CEO Hans Ljøen.

“BRAbank is entering a new, exciting phase with strong leadership in place. The time is right for me to leave. I have very much appreciated being part of a great team, growing the business and scaling our operations from our home grown, leading technology platform. Now I want to use what we have learned to help other businesses achieve technology and customer experience driven growth”, says Bent Gjendem.

For further information contact:

Hans Ljøen, Chief Executive Officer at BRAbank, phone: +47 481 87 750

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.