UK online bank Monzo reports first annual profit, plans Irish expansion for EU market access.

UK online bank Monzo reports first annual profit as it plans Irish expansion to access EU market. Monzo's revenues more than doubled last year, and in its early stages of setting up an office in Ireland, it plans to use the country as a gateway to European markets. The neobank made provisions for bad loans worth more than a tenth of its lending book but still managed to achieve its first annual profit.

June 03, 2024
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