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Monzo Profit Rises as Bank Cashes in on Loans, Paid Plans
Monzo added 1.6 million paying subscribers as fee income rose 39% and lending income increased, helping lift annual revenue to £1.7 billion.
Summary by RTÉ
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3 Articles
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The Independent (US)
The Independent (US)Monzo profits swell as bank cashes in on loans and paid plans
The bank, which was launched 11 years ago as a challenger to high street banking, said millions more customers joined in the past year. Monzo has reported a 44% leap in its annual profits as the digital bank generated more from lending and cashed in on subscriptions. The bank, which was launched 11 years ago as a challenger to high street banking, said millions more customers joined in the past year. It reported a pre-tax profit of £87.3 million…
Coverage Details
Total News Sources3
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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