MONOBANK suffers huge losses

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Монобанк

According to the results of the first quarter of 2022, the Ukrainian bank monobank received losses in the amount of more than UAH 100 million.

The financial statements for the first quarter were sent to the National Bank on April 13, Monobank co-founder Oleg Gorokhovsky shared on Telegram.

According to him, January was very profitable for the bank, February closed with a slight plus, and March was unprofitable.

“The total result of the quarter is a loss of UAH 109.6 million, incl. – UAH 548.2 million – losses in March,” the co-founder of the financial institution noted.