#Latest news with #BritishLenderBloomberg3 days agoBusinessBloombergMonzo Profit Soars as British Challenger Bank Boosts LendingMonzo Bank Ltd. said its profit quadrupled last year with a burgeoning loan book lifting revenue, as the mobile bank works toward an eventual stock market debut. The British lender posted a pretax profit of £60.4 million ($81.8 million) for the year through March compared to £15.4 million profit in the 13 months prior, with revenue jumping to £1.2 billion from £880 million.
Bloomberg3 days agoBusinessBloombergMonzo Profit Soars as British Challenger Bank Boosts LendingMonzo Bank Ltd. said its profit quadrupled last year with a burgeoning loan book lifting revenue, as the mobile bank works toward an eventual stock market debut. The British lender posted a pretax profit of £60.4 million ($81.8 million) for the year through March compared to £15.4 million profit in the 13 months prior, with revenue jumping to £1.2 billion from £880 million.
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