Corporates Overview. Skip navigation Go to 2020 Go to 2019 Go to 2018 Go to 2017 Go to 2016 Go to 2015 Go to 2014 - 2010 Go to 2009 - 2005 Go to 2004 - 2000 Go to 1999 - 1997. Our growth across the board has continued at pace, despite the impact of the coronavirus emergency. " 1st June 2020 | Oliver Smith. In total, Monzo users made £45million in charity donations between the start of the first coronavirus lockdown on 23 March and the end of 2020, the bank's data found. Yet Monzo’s annual report released last week presented the capital outlook for the bank as uncertain, even though just five months have passed since February. Recording Annual Press Conference 2020. The digital bank has said that the pandemic’s uncertainty might affect its operations. 2019. But if you don’t have time to read all 92 pages, which cover the period February 2018 to February 2019, here are the top 5 things we learnt: Startup bank Monzo faces a “pivotal” year as it races to become self-funding amid mounting losses. Q3 2019. The bank is hoping to reach profitability this year. Virgin Money UK PLC – 2020 Annual Report and Accounts (opens in a new window) Clydesdale Bank PLC 2020 - Annual report & consolidated financial statements (opens in a new window) Pillar 3 report. Image source: Monzo. This comes alongside a similar widening of losses at digital banking competitors Monzo and Starling. Monzo has revealed its annual post-tax loss for 2020 is £113.8m, which is a huge jump from the £47.1m recorded last year. Work-Life balance: Can a successful fintech have both? According to Monzo’s 2020 annual report published last night, the bank’s losses reached £113.8m in the past year, up from £47.2m after tax in FY2019. Startup bank Monzo faces a “pivotal” year as it races to become self-funding amid mounting losses. Monzo founder Tom Blomfield. Q1 2020. These analyses will help to evaluate the external and internal … 21st May 2020 | Daniel Lanyon. View our Trading Update October 2020. Transcript of H1 2020 results call. Financial results: FY 2019. Transcript of Q3 2019 results call. During 2020 Monzo cut staff, shut its Las Vegas office after a highly publicised push to the US, and scrambled to raise emergency funds. Williams is the first athlete ever to make Forbes’ annual list of the World’s Richest Self-Made Women. Share this: Facebook Twitter Reddit LinkedIn WhatsApp 1.0 Introduction . Yet, still, losses have doubled to £115m. It caused the fintech industry to question the viability of the European neobank model. Monzo Bank Ltd (/ ˈ m ɒ n z oʊ /), is an online bank based in the United Kingdom. Financial results details plus additional information, Annual- and Interim Reports from 1997. The bank has been freezing and closing certain accounts in recent months in order to comply with anti-money laundering regulations, provoking anger among some customers. This is despite the fact that more than four million people now have a Monzo account, with Current Account Switch Service (CASS) figures showing it had the highest net switching gains of any other UK bank in that year. 2020 has been a transformational year for Starling. The bank published its annual results late on Thursday, showing losses continue to grow and warning that there was “material” uncertainty about whether the bank will survive the current crisis. Monzo’s latest report shows that it was required to raise its capital to 13.65pc of its risk-weighted assets, up from 8.5pc. Breaking: Monzo’s chief credit officer Tim Trailor has joined Capital On Tap. 2019. Read more: Monzo’s co-founder Tom Blomfield leaves its board. In connection with the publication of the Annual Report 2019/2020, the comments by Martina Merz, CEO and Klaus Keysberg, CFO as well as the following Q&A session are available here. She calls Facebook’s chief operating officer, Sheryl Sandberg, a friend and informal adviser, and works alongside partner, Alison Rapaport, who carries five-year’s experience from JP Morgan’s asset-management group. FILE PHOTO: A Monzo logo is seen in this illustration taken January 6, 2020. UK’s famed digital bank Monzo reported an annual loss more than double, media reports said. Results presentation: FY 2019. The future of fintech unicorn Monzo is in jeopardy after the firm reported its annual losses have more than doubled due to the pandemic.. Revolut’s UK rival Monzo flagged in its annual report last month significant doubt in its ability to continue as a going concern, after losses more than doubled to 113.8 million pounds. Read the full letter. 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