Private Placement MyBank ASA
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May 2019 – Private Placement MyBank ASA
About the deal
Bryan, Garnier & Co acted as sole manager for MyBank’s NOK 25 million Private Placement.
The proceeds will be used to maintain capital adequacy requirements in the short term while transitioning the business model from unsecured consumer loans to secured restart loans.
Deal team
Erik Furnes | Managing Director | Oslo | Investment Banking | efurnes@bryangarnier.com
Ole Magnus Broch Tenstad | Director | Oslo | Investment Banking | otenstad@bryangarnier.com
About MyBank
MyBank is a Norwegian challenger bank offering consumer loans, mortgages and deposit accounts to online and mobile consumers. MyBank distributes solely through external channels (loan agents), enabling an efficient and highly scalable business model.