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.

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