MONOBANK ASA

 (3.8; 8 ratings)
3.8 8

Business Focus

direct retail banking

MONOBANK was a Norwegian direct bank offering loans without collateral and high interest savings accounts. MONABANK redefines banking for individuals through simple and user-friendly services, and by working purposefully with innovation and development. Monobank was merged into BRABank.

Bank Category

Commercial banks

Services

retail banking

Clients

natural persons

Area Served

NONorway
SESweden
FIFinland
ATAustria
DEGermany
ESSpain
FRFrance

Products

current accounts
time deposit accounts
debit cards
credit cards
consumer loans

Ways to Bank

MONOBANK ASA delivered its products and services via direct (online) channels only, namely:
online banking
mobile app

Financials

Total Assets of MONOBANK ASA
Operating_income of MONOBANK ASA
Market Share of MONOBANK ASA
Total Assets (2018)
4,875.93 mln NOK  (+47.72%)
Operating Income (2018)
39.22 mln NOK  (+65.20%)

MONOBANK ASA was the 62nd largest bank in Norway in terms of total assets. In 2018 its total assets were 4 875,93 mln NOK, providing the bank with the market share of 0.13%. MONOBANK ASA was the 16th largest commercial bank in Norway (out of 25 commercial banks) having market share of 0.20% amongst the banks of this category. In 2018 the bank's operating income was 39,22 mln NOK.

Deposit Guarantee

Guarantee Fund
Norwegian Banks' Guarantee Fund (NBGF)Norwegian Banks' Guarantee Fund (NBGF)
Protected Amount
up to 2,000,000 NOK
Eligible Depositors
natural persons (Norwegian and foreign)
legal entities (Norwegian and foreign)
Covered Accounts
current accounts
savings accounts
time deposit accounts

MONOBANK ASA participates in the deposit guarantee scheme of Norway. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons (Norwegian and foreign), legal entities (Norwegian and foreign) and covers up to up to 2,000,000 NOK per bank per depositor. MONOBANK ASA is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.

Contacts

Torgallmenningen 10, 5014, BERGEN, Norway

MONOBANK ASA was headquartered in BERGEN.

Social Networks

MONOBANK ASA has profiles at the following social networks:

Bank Identifiers

LEI
2138005PT7YHCEA49W64
Company Number
917651817

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
917651817

MONOBANK ASA was authorized and supervised by the Financial Supervisory Authority of Norway (reference number 917651817).

Bank History

Start Date
11 November 2015
Close Date
12 December 2018

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