Monzo is a UK-based digital bank that offers personal and business banking services. Despite its increasing customer base, Monzo did not report profits between 2016 and 2023. However, in 2024, the bank reported a net profit of over 15 million British pounds for the first time since its establishment, compared to a loss of 116.3 million British pounds in the previous year.
Profit before taxation of Monzo Bank Group from 2016 to 2024
(in million GBP)
Characteristic
Gross profit in million British pounds
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Monzo. (May 30, 2024). Profit before taxation of Monzo Bank Group from 2016 to 2024 (in million GBP) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1463977/monzo-bank-profit-before-taxation/
Monzo. "Profit before taxation of Monzo Bank Group from 2016 to 2024 (in million GBP)." Chart. May 30, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1463977/monzo-bank-profit-before-taxation/
Monzo. (2024). Profit before taxation of Monzo Bank Group from 2016 to 2024 (in million GBP). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1463977/monzo-bank-profit-before-taxation/
Monzo. "Profit before Taxation of Monzo Bank Group from 2016 to 2024 (in Million Gbp)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/1463977/monzo-bank-profit-before-taxation/
Monzo, Profit before taxation of Monzo Bank Group from 2016 to 2024 (in million GBP) Statista, https://www.statista.com/statistics/1463977/monzo-bank-profit-before-taxation/ (last visited August 24, 2024)
Profit before taxation of Monzo Bank Group from 2016 to 2024 (in million GBP) [Graph], Monzo, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/1463977/monzo-bank-profit-before-taxation/