Founded in 2015, Monzo Bank is one of the growing digital banks based in the United Kingdom (UK). Despite the rapidly increasing customer base, Monzo reported significant losses between 2016 and 2023. However, in 2024, the bank reported a net profit of 8.71 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 after taxation of Monzo Bank Group from 2016 to 2024
(in million GBP)
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Monzo. (May 30, 2024). Profit after taxation of Monzo Bank Group from 2016 to 2024 (in million GBP) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1464002/monzo-bank-profit-after-taxation/
Monzo. "Profit after taxation of Monzo Bank Group from 2016 to 2024 (in million GBP)." Chart. May 30, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1464002/monzo-bank-profit-after-taxation/
Monzo. (2024). Profit after taxation of Monzo Bank Group from 2016 to 2024 (in million GBP). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1464002/monzo-bank-profit-after-taxation/
Monzo. "Profit after Taxation of Monzo Bank Group from 2016 to 2024 (in Million Gbp)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/1464002/monzo-bank-profit-after-taxation/
Monzo, Profit after taxation of Monzo Bank Group from 2016 to 2024 (in million GBP) Statista, https://www.statista.com/statistics/1464002/monzo-bank-profit-after-taxation/ (last visited November 22, 2024)
Profit after taxation of Monzo Bank Group from 2016 to 2024 (in million GBP) [Graph], Monzo, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/1464002/monzo-bank-profit-after-taxation/
