英國數(shù)字銀行行業(yè)市場前景及投資研究報告-培訓課件外文版2024.5

DIGITAL

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TRENDSDigitalbanksintheUnitedKingdomCHAPTER

01MarketoverviewNumberofcustomersatlargestonlineonlyEuropeanbanksasof2022(inmillions)NumberofcustomersatEuropeanapp-onlybanksin2022Numberofcustomersinmillions10

1505202530Revolut(Nov2022)N26(Oct2022)258Monzo(Jun2022)StarlingBank(Jul2022)Monese(2020)62.72Tandem(Dec2021)0.774Description:InFebruary2018,theLondonbasedcompanyRevolutannouncedthattheyhadhit1.5millioncustomers,afigurethathasgrownto25millionasofNovember2022.Theincredibleaccelerationofnewcustomersjoiningthesedigital-onlybankshasbeenmirroredbytheBerlin-basedN26whohaveseentheircustomerbasereachingeightmillionasofOctober2022,andfellowLondon-headquarteredMonzo.ByanalyzingappdownloadsofEurope'sbestperformingneobanks,has[...]

ReadmoreNote(s):Europe;2022Source(s):estimates;VarioussourcesNumberofdownloadsworldwideofEuropeanapp-onlybanksfromJanuary2015toJanuary2023,bybankNumberofEuropeanmobile-onlybankappdownloadsworldwide2015-2023,bybankRevolutN26MonzoMoneseStarlingBunq2,500,0002,000,0001,500,0001,000,000500,00005Description:AsofJanuary2023,thesixapp-onlydigitalbanksincludedinthisstatistichadmorethan80millionappdownloadscombined.ThemostpopularofthesebanksintermsofdownloadsistheLondonheadquarteredRevolut,whichhasoptedforglobalexpansionoverasinglemarketapproach.AsofJanuary2023,thebankingapphasbeenparticularlypopularintheUnitedKingdom(UK),France,RomaniaandPoland.ReadmoreNote(s):Worldwide;January2015toJanuary2023Source(s):AppMagic;TotalvalueoffundingatselectonlineonlybanksinEuropeasofFebruary2023(inbillionU.Sdollars)LargestEuropeandigitalbanks2023,byfundingamountValueoffundinginbillionU.Sdollars0.6

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1.00.00.20.41.21.41.61.8RevolutN261.71.7Monzo1.11.1StarlingBankBunq0.24Monese0.216Description:TheBerlinbasedmobilebankN26sawitstotalfundingreachingover1.7billionU.SdollarsasofFebruary2023,makingitoneofthehighestfundeddigitalchallengerbankinEuropeatthetime.N26'sfirstplacewasasofthatmonthsharedwiththeLondon-basedfirmRevolut,alsowithafundingreaching1.7billionU.S.dollars.ReadmoreNote(s):Europe;2023Source(s):CrunchBaseLargestunicornonlinebanksinEuropeasofApril2023,bymarketvalue(inbillionU.Sdollars)LeadingonlinebankunicornsinEurope2023MarketvalueinbillionU.Sdollars15051020253035RevolutN26339.23OakNorthBankMonzo54.5StarlingBankBunq2.6927Description:Revolut,whichwasworth1.7billioneurosasofAugust2018,becameaunicorninApril2018andtookonlythreeyearsfromfoundingtohavingavaluationofoveronebillionU.Sdollars.AsofApril2023,theLondon-basedneobankhadamarketvalueof33billionU.S.dollars,makingitbyfarthehighestvaluedunicornonlinebankinEurope.ReadmoreNote(s):Europe;April7,2023Source(s):CBInsightsNumberofcountriesofoperationforselectEuropeanonlineonlybanksworldwideasofApril2023LargestEuropeandigitalbanks2023,bynumberofcountriesofoperation4036353025201510530210RevolutBunqN268Description:Europe'slargestmobilebasedappRevoluthasloftyambitions.Thebank,whichwasincorporatedinDecember2013,hasmillionsofusersacross36countriescurrently.

ReadmoreNote(s):Europe;April2023Source(s):Bunq;N26;Revolut;VarioussourcesCHAPTER

02RevolutKeyfiguresforRevolutin2021KeyfiguresforRevolut2021Key

figures0.5Businesscustomers(millions)*Retailcustomers(millions)Capitalraised(millionGBP)Numberofemployees25800465310Description:IncorporatedinDecember2013,theLondonbasedchallengerbankRevoluthasgrownexponentially.InFebruary2018,theLondonbasedcompanyRevolutannouncedthattheyhadhit1.5millioncustomers,afigurethathadgrownto25millionbyNovember,2022.CurrentlyRevoluthasthehighestnumberofcustomersofanyEuropeanonlinebank.ReadmoreNote(s):UnitedKingdom;2021;*2020data.ReadmoreSource(s):RevolutKeyfinancialfiguresforRevolutfrom2017to2021(inmillionGBP)KeyfinancialfiguresforRevolut2017-2021201712.83-15.12-14.81201858.24-32.96-32.872019166.03-107.68-106.652819.9495.942020219.93-220.71-185.295313.52420.442021636.2RevenueProfit/lossbeforetaxTotalcomprehensiveprofit/lossTotalassets39.7919.718631.761077.06Totalequity43.93194.0711Description:IncorporatedinDecember2013,theLondonbasedchallengerbankRevoluthasgrownexponentially.InFebruary2018,theLondonbasedcompanyRevolutannouncedthattheyhadhit1.5millioncustomers,afigurethathadgrownto25millionbyNovember,2022.CurrentlyRevoluthasthehighestnumberofcustomersofanyEuropeanonlinebank.ReadmoreNote(s):UnitedKingdom;2017to2021Source(s):RevolutAnnualrevenueofchallengerbankRevolutfrom2015to2021(inmillionGBP)RevenueofchallengerbankRevolut2015-2021700600500400300200100636.2126116658.24201812.8320170.122.3602015201620192020202112Description:IncorporatedinDecember2013,theLondonbasedchallengerbankRevoluthasgrownexponentially.InFebruary2018,theLondonbasedcompanyRevolutannouncedthattheyhadhit1.5millioncustomers,afigurethathadgrownto25millionbyNovember,2022.CurrentlyRevoluthasthehighestnumberofcustomersofanyEuropeanonlineonlybank.ReadmoreNote(s):UnitedKingdom;2015to2021Source(s):RevolutValueofcurrentandnon-currentassetsofRevolutfrom2015to2021(inmillionGBP)Currentandnon-currentassetsofRevolut2015-2021CurrentNon-current10,0009,0008,0007,0006,0005,0004,0003,0002,0001,0008,591.185,274.312,687.591,104242.14105.8720192.10.034.1720160.1214.77201740.87201839.21202040.5820210201513Description:CurrentassetsofRevolutincreasedsignificantlyin2021.Attheendoftheyear,thebank'scurrentassetsamountedtoroughly8.5billionBritishpounds,upfrom5.3billionBritishpoundsinthepreviousyear.Thevalueofnon-currentassetsalsoincrease,thoughalotlesssignificantly.ReadmoreNote(s):UnitedKingdom;2015to2021Source(s):RevolutTotalequityofRevolutfrom2016to2021(inmillionGBP)TotalequityofRevolut2016-20211,2001,0008001,077.1600420.444002000194.07201895.94201943.9320173.420162020202114Description:TotalequityoftheLondonbasedchallengerbank,Revolut,morethandoubledin2021.AsofDecemberthatyear,RevoluthadtotalequityworthroughlyonebillionBritishpounds,comparedtothe420millionBritishpoundsworthofequityayearearlier.2021wasawell-performingyearforRevolutfrommultipleaspects,asmostkeyperformancefiguresincreasedsignificantly.ReadmoreNote(s):UnitedKingdom;2016to2021Source(s):RevolutOperatingprofit/lossofRevolutfrom2015to2021(inmillionGBP)Operatingprofit/lossofRevolut2015-20211005039.790-1.69-7.12-15.15-50-100-150-200-250-34.05-106.94-220.71202020152016201720182019202115Description:2021wasthefirstyearsince2015thatRevolutrecordedanoperatingprofit.Thatyear,theLondonbasedchallangerbankhadaprofitofroughly39.8millionBritishpounds,a190percentincreasecomparedtothepreviousyear.

ReadmoreNote(s):UnitedKingdom;2015to2021Source(s):RevolutCumulativenumberofRevolutbankappdownloadsworldwidefromMarch2015toJanuary2023NumberofRevolutbankappdownloadsworldwide2015-20232,500,0002,000,0001,500,0001,000,000500,000016Description:InJanuary2023,thenumberofRevolutbankappdownloadsworldwidewasclosetotwomillion.Itwasasharpdecreasecomparedtothepreviousmonth,whenthenumberoftotaldownloadswasroughly1.2million.BetweenMarch2015andJanuary2023,themonthlydownloadsofRevolutincreaseddrastically,withaparticularlysharpincreaseinthesecondpartof2019,aswellasin2021andthefirstpartof2022.ReadmoreNote(s):Worldwide;March2015toJanuary2023Source(s):AppMagicNumberofRevolutbankappdownloadsworldwideasofFebruary2023,bycountryNumberofRevolutbankappdownloadsworldwide2023,bycountry10,000,0008,709,1849,000,0008,000,0007,000,0006,000,0005,000,0004,000,0003,000,0002,000,0001,000,00003,900,8433,691,7773,687,9453,552,7662,772,8652,524,9612,246,9561,512,8611,283,9061,024,691

987,332955,725675,604

642,17917Description:IncorporatedinDecember2013,theLondon-basedchallengerbankRevoluthasgrownexponentially.InFebruary2018,Revolutannouncedthattheyhadhit1.5millioncustomers,afigurethathadgrownto18millionby2022.CurrentlyRevoluthasthehighestnumberofcustomersofanyEuropeanonlinebank.ReadmoreNote(s):Worldwide;March2015toFebruary19,2023Source(s):AppMagic;CHAPTER

03StarlingBankKeyfiguresforStarlingBankGroupfrom2018to2023KeyfiguresforStarlingBankGroup2023November

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20211245March

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20232762Numberofemployees2793567401057.7504Numberofaccounts(1,000s)Retaildeposits(millionGBP)214027003600202238839084395Averagedepositperactivecustomer(inGBP)1053940180021002900*19Description:EstablishedinJune2014,StarlingBankisaUnitedKingdom(UK)basedretailbankthatprovidescurrentaccountstoindividuals,micro-businessesandsole-traders.Withnophysicalbranches,StarlingBankisoneofagrowingnumberofdisruptororchallengerbankswhichrunaccountsonlinethroughmobileapps.IntheyearendingMarch31,2023,StarlingBankhadapproximately3,600retailandbusinesscustomers.Theaveragedepositofactiveretailcustomerswasapproximately2,900[...]

ReadmoreNote(s):UnitedKingdom;2018to2023;*ThisfigurewascalculatedbySource(s):StarlingBankFigurespriorto2022weretakenfrompreviouspublications.ReadmoreKeyfinancialfiguresforStarlingBankGroupfrom2018to2023KeyfinancialfiguresforStarlingBankGroup2023November

2018234.67206.6728November

20191200.681132.7667.93March

20217048.836908March

202211905.411474.98430.42March

202313771.513016.22695.23TotalAssets(millionGBP)TotalLiabilities(millionGBP)TotalEquity(millionGBP)140.83Loansandadvancestobanks(millionGBP)187.018.7764.713196.352232.856105.463173.986109.7Loansandadvancestocustomers(millionGBP)54.294873.63Totalincome(millionGBP)0.75-26.86-25.0714.7814.2-53.697.59-31.45-23.32136.77188.0732.0544.94397.5414.81194.6Profit/lossbeforetax(millionGBP)Profit/lossaftertax(millionGBP)-52.0751.11142.86710.61CommonEquityTier1(CET1)capital(millionGBP)CommonEquityTier1(CET1)ratio(%)UKleverageratio(%)34.56941.821.547.95.44037.59.37.920Description:EstablishedinJune2014,StarlingBankisaUnitedKingdom(UK)basedretailbankthatprovidescurrentaccountstoindividuals,micro-businessesandsoletraders.Withnophysicalbranches,StarlingBankisoneofagrowingnumberofdisruptororchallengerbankswhichrunaccountsonlinethroughmobileapps.ReadmoreNote(s):UnitedKingdom;2018to2023Source(s):StarlingBankCumulativenumberofStarlingbankappdownloadsworldwidefromMay2017toJanuary2023NumberofStarlingbankappdownloadsworldwide2016-2023180,000160,000140,000120,000100,00080,00060,00040,00020,0000May

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'2321Description:In2022,Starlingbankmaintainedhighmonthlyappdownloads,withasmallincreasecomparedto2021.AsofJanuary2023,roughly160thousandpeopledownloadedtheapp,makingitthemonthwiththehighestmonthlydownloadsintheobservedperioud.ReadmoreNote(s):Worldwide;May2017toJanuary2023Source(s):AppMagicNumberofStarlingbankappdownloadsworldwideasofFebruary2023,bycountryNumberofStarlingbankappdownloadsworldwide2023,bycountryNumberofdownloads3,000,00001,000,0002,000,0004,000,0005,000,0006,000,0005,821,2977,000,000UnitedKingdomRomaniaSpain46,66041,95528,67527,247ItalyIrelandUnitedStates

20,376France

19,350Netherlands

15,802Sweden

15,103Australia

14,910Poland

14,543Portugal

12,727Germany

10,03322Description:EstablishedinJune2014,StarlingBankisaUnitedKingdom(UK)basedretailbankthatprovidescurrentaccountstoindividuals,micro-businessesandsoletraders.Withnophysicalbranches,StarlingBankisoneofagrowingnumberofdisruptororchallengerbankswhichrunaccountsonlinethroughmobileapps.AsofFebruary2023,theUKwasbyfarthebiggestmarketforStarling,withmorethan5.8milliondownloads.ReadmoreNote(s):Worldwide;May2017toFebruary2023Source(s):AppMagicRatioofcustomersgainedbyStarlingBankGroupintheUnitedKingdom(UK)from2ndquarter2018to4thquarter2022RatioofcustomerswonbyStarlingBankGroupintheUK2018-20221816141210817.116.210.49.99.89.69.598.98.98.98.97.57.1764.74.343.321.20Q2'18

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Q4'2223Description:Seeingcustomergrowthislikelythemostimportantdriverforanybanklookingtocauseadisruptioninthemarket.Between2018and2022,StarlingbanksuccessfullywoncustomersfromotherbanksintheUK.Inthefourthquarterof2022,Starlingbanksawmorethanonenewcustomerswitchtotheirservicesforeveryonecustomerthatleftthem.Whilecustomeracquisitionsloweddowntowardstheendof2022,thiswasstilloneofthemostsuccessfulratiosofanybankintheUK[...]

ReadmoreNote(s):UnitedKingdom;Q22018toQ42022Source(s):Pay.UK;CHAPTER

04MonzoKeyfiguresforMonzoBankfrom2018to2023KeyfiguresforMonzoBank2018-20232018/191.012019/202.32020/2112021/2212022/231.6Newcustomers(inmillions)NumberofcustomersinmillionsAveragenumberofemployeesCustomerdeposits(millionGBP)Grosslending(millionGBP)1.63.955.87.443711281392.5143.91090070133231241051879444125924325946800461.819.2Customerspend(millionGBP)CommonEquityTier1(CET1)Ratio(%)3600104164009924000155336005425Description:Establishedin2015,MonzoisaUnitedKingdom(UK)basedretailbankthatprovidescurrentaccountstoindividuals,limitedcompaniesandsole-traders.Withnophysicalbranches,Monzoisoneofagrowingnumberofdisruptororchallengerbankswhichrunaccountsonlinethroughmobileapps.ReadmoreNote(s):UnitedKingdom;2018to2023Source(s):MonzoKeyfinancialfiguresforMonzoBankforthefinancialyearsfrom2018to2023KeyfinancialfiguresforMonzoBank2018-20232018/1919.72019/2067.22020/2180.52021/22154.22022/23355.6Revenue(millionGBP)Totalassets(millionGBP)614.39498.72115.679.161721.411592.41293629.73407.81221.8962.85218.434656.16562.27114.02-232.87-119.02-119.021556687.786212.13475.65214.5Totalliabilities(millionGBP)Totalequity(millionGBP)Netoperatingincome(millionGBP)Totaloperatingexpenses(millionGBP)Profit/lossbeforetax(millionGBP)Profit/lossaftertax(millionGBP)CET1Ratio(%)35.66-59.87-50.72-47.16104-151.07-115.47-113.8270-194.26-131.38-131.0899-330.27-116.34-116.345426Description:Establishedin2015,MonzoisaUnitedKingdom(UK)basedretailbankthatprovidescurrentaccountstoindividuals,limitedcompaniesandsoletraders.Withnophysicalbranches,Monzoisoneofagrowingnumberofdisruptororchallengerbankswhichrunaccountsonlinethroughmobileapps.ReadmoreNote(s):UnitedKingdom;2018to2023Source(s):MonzoTotalassetsofMonzoBankfrom2016to2023(inmillionGBP)TotalassetsforMonzoBank2016-20238,0007,0006,687.786,0005,218.435,0004,0003,0002,0001,00003,629.711,721.412020614.392019139.8220180.7419.482017201620212022202327Description:Establishedin2015,MonzoisaUnitedKingdom(UK)basedretailbankthatprovidescurrentaccountstoindividuals,limitedcompaniesandsoletraders.Withnophysicalbranches,MonzoBankisoneofagrowingnumberofdisruptororchallengerbankswhichrunaccountsonlinethroughmobileapps.IntheyearendingFebruary2023,Monzohadtotalassetsamountingto6.69billionBritishpounds.ReadmoreNote(s):UnitedKingdom;2016to2023Source(s):MonzoValueofcustomersdepositsatMonzoBankfrom2018to2023(inmillionGBP)CustomerdepositstoMonzoBank2018-20237,0006,0005,0004,0003,0002,0001,0005,945.954,440.653,124.051,392.522019/20461.8271.2802017/182018/192020/212021/222022/2328Description:Establishedin2015,MonzoBankisaUnitedKingdom(UK)basedretailbankthatprovidescurrentaccountstoindividuals,limitedcompaniesandsoletraders.Withnophysicalbranches,MonzoBankisoneofagrowingnumberofdisruptororchallengerbankswhichrunaccountsonlinethroughmobileapps.IntheyearendingFebruary2023,Monzohadcustomerdepositsexceeding5.94billionBritishpounds,roughly1.5billionBritishpoundsmorethaninthepreviousyear.ReadmoreNote(s):UnitedKingdom;2018to2023Source(s):MonzoTotalequityofMonzoBankfrom2016to2023(inmillionGBP)TotalequityofMonzoBank2016-2023600562.275004003002001000475.65221.89129115.6756.1818.40.572015/162016/172017/182018/192019/202020/212021/222022/202329Description:Establishedin2015,MonzoBankisaUnitedKingdom(UK)basedretailbankthatprovidescurrentaccountstoindividuals,limitedcompaniesandsoletraders.Withnophysicalbranches,MonzoBankisoneofagrowingnumberofdisruptororchallengerbankswhichrunaccountsonlinethroughmobileapps.IntheyearendingFebruary2022,Monzohadtotalequityamountingto475.65millionBritishpounds,anotabledecreasecomparedtothepreviousyear.

ReadmoreNote(s):UnitedKingdom;2016to2023Source(s):MonzoCumulativenumberofMonzobankappdownloadsworldwidefromFebruary2016toJanuary2023NumberofMonzobankappdownloadsworldwide2016-2023500,000450,000400,000350,000300,000250,000200,000150,000100,00050,000030Description:January2023wasarecordmonthforMonzobankappintermsofthenumberofdownloads.Thatmonth,morethan450thousandpeopledownloadedtheUK-basedneobankapp,whichwasnotablyhigherthaninthepreviousmonths.2022wasagoodyearforMonzo,withsharplyincreasingmonthlydownloadsinthefirsthalfoftheyear,butthenumberofdownloadsremainedhighinthesecondhalfaswell.ReadmoreNote(s):Worldwide;February2016toJanuary2023Source(s):AppMagicNumberofMonzobankappdownloadsworldwideasofFebruary2023,bycountryNumberofMonzobankappdownloadsworldwide2023,bycountryNumberofdownloads6,000,00002,000,0004,000,0008,000,00010,000,00012,000,00010,993,466UnitedKingdomUnitedStatesRomaniaSpain224,288167,689172,856110,926130,274151,39985,335NigeriaItalyIndiaFranceChina89,501Ukraine102,03331Description:Establishedin2015,MonzoBankisaUnitedKingdom(UK)basedretailbankthatprovidescurrentaccountstoindividuals,limitedcompaniesandsoletraders.Withnophysicalbranches,MonzoBankisoneofagrowingnumberofdisruptororchallengerbankswhichrunaccountsonlinethroughmobileapps.MonzocustomersarecurrentlyconcentratedintheUnitedKingdomwhich,asofFebruary2023madeup82percentofalldownloads.ReadmoreNote(s):Worldwide;February2016toFebruary2023Source(s):AppMagic;CHAPTER

05AtomBankKeyfinancialfiguresofAtomBankin2022(inmillionGBP)KeyfinancialfiguresofAtomBank2022In

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poundsTotalassets4592.892384.073229.8249.5651.34LoansandadvancestocustomersCustomerdepositsTotalequityNetoperatingincomeProfit/lossbeforetaxProfit/lossaftertax-14.47-9.1133Description:Foundedin2014,theUnitedKingdom(UK)headquartereddigitalbankwasnotonlythefirstApponlybasedbankintheUKbutalsothefirstonlineonlybanktobegrantedafullUKregulatorylicense.Asseenwithotherdisruptorbanks,AtomBanksawtotallossesbeforeandaftertaxintheyearendingMarch2022.ReadmoreNote(s):UnitedKingdom;March31,2022Source(s):AtomBankTotalassetsofAtomBankfrom2017to2022(inmillionGBP)TotalassetsforAtomBank2017-20225,0004,5004,0003,5004,592.892,853.033,0002,5002,0001,5001,0005002,798.212,801.51,956.85648.84201702018201920202021202234Description:Foundedin2014,theUnitedKingdom(UK)headquartereddigitalbankwasnotonlythefirstApponlybasedbankintheUKbutalsothefirstonlineonlybanktobegrantedafullUKregulatorylicense.AsofMarch31st,2022AtomBankhadtotalassetsamountingtoapproximately4.89billionBritishpounds.ReadmoreNote(s):UnitedKingdom;July31,2017toMarch31,2022Source(s):AtomBankTotalequityofAtomBankfrom2017to2022(inmillionGBP)TotalequityofAtomBank2017-2022300250249.6211.44196.1420015010050137.02134.49103.95020172018201920202021202235Description:Foundedin2014,theUnitedKingdom(UK)headquartereddigitalbankwasnotonlythefirstapp-onlybasedbankintheUKbutalsothefirstonlineonlybanktobegrantedafullUKregulatorylicense.Asseenwithotherdisruptorbanks,AtomBanksawtotallossesbeforeandaftertaxintheyearendingMarch2022.AsofMarch2022,totalequityofAtomBankamountedto249.6millionBritishpounds.ReadmoreNote(s):UnitedKingdom;2017to2022Source(s):AtomBankOperatingprofit/lossofAtomBankfrom2017to2022(inmillionGBP)Operatingprofit/lossforAtomBank2017-20226051.3440200-1.5-20-40-60-16.892020-38.82017-42.072018-48.7620192021202236Description:Foundedin2014,theUnitedKingdom(UK)headquartereddigitalbankwasnotonlythefirstapp-onlybasedbankintheUKbutalsothefirstonlineonlybanktobegrantedafullUKregulatorylicense.AsofMarch31st,2022AtomBankhadanoperatingprofitof51.3millionBritishpounds.ReadmoreNote(s):UnitedKingdom;2017to2022Source(s):AtomBankCumulativenumberofAtombankappdownloadsintheUnitedKingdom(UK)fromApril2016toApril2023,bystoreNumberofAtombankappdownloadsintheUK2016-2023iPhoneAppStoreGooglePlay45,00040,00035,00030,00025,00020,00015,00010,0005,000037Description:ThenumberofAtombankappdownloadsintheUnitedKingdomfluctuatedsignificantlybutincreasedoverallbetween2016and2023.Thenumberofdownloadspeakedattheendof2022,andremainedrelativelyhighatthebeginningof2023.Foundedin2014,theUnitedKingdom(UK)headquartereddigitalbankwasnotonlythefirstApponlybasedbankintheUKbutalsothefirstonlineonlybanktobegrantedafullUKregulatorylicense.ReadmoreNote(s):UnitedKingdom;April2016toApril2023Source(s):AppMagicKeyratiosofAtomBankin2023KeyratiosofAtomBank2023Ratio887%19.2%18.9%6.4%LiquiditycoverageratioTotalcapitalratioCET1ratioLeverageratioCost-assetsundermanagementratioTotalcoverageratio0.86%0.47%38Description:Foundedin2014,theUnitedKingdom(UK)headquartereddigitalbank,AtomBank,wasnotonlythefirstapp-onlybasedbankintheUKbutalsothefirstonlineonlybanktobegrantedafullUKregulatorylicense.In2022/23,thebankreportedatotalcapitalratioof19.2percent.Thecommonequitytier1capitalratio(CET1ratio)ofthebankwas18.9percent.ReadmoreNote(s):UnitedKingdom;March2023Source(s):AtomBankCHAPTER

06MoneseValueofassetsofMoneseLimitedintheUnitedKingdom(UK)from2016to2021(inmillionGBP)AssetsofMoneseLtdUK2016-20213025201527.220.9819.969.411058.522.05020162017201820192020202140Description:FoundedinLondonintheUnitedKingdom(UK)in2015,MoneseLimitedisaapp-onlybasedbankthatwasbasedonthemantraofbeinginclusive,instant,andon-demand.ThevalueofcurrentassetsforMonesehavegrownfromjustover212,000Britishpoundsin2015toalmost20millionBritishpoundsin2021.AsofFebruary2023,MonesebankappwasdownloadedmorethantwomilliontimesintheUnitedKingdom.ReadmoreNote(s):UnitedKingdom;2016to2021Source(s):CompaniesHouse;MoneseTotalrevenueofMoneseLimitedintheUnitedKingdom(UK)from2016to2021(inmillionGBP)RevenueofMoneseLtdUK2016-2021201816141210817.5716.2910.275.48641.6620.35020162017201820192020202141Description:FoundedinLondonintheUnitedKingdom(UK)in2015,MoneseLimitedisaapp-onlybasedbankthatwasbasedonthemantraofbeinginclusive,instant,andon-demand.Monesehasseenrevenuegrowfromroughly350,000Britishpoundsin2016tomorethan17.5millionBritishpoundsin2021.AsofFebruary2023,thebankapphadmorethantwomilliondownloadsintheUK,andhundredsofthousandsofdownloadsinotherEuropeancountries.ReadmoreNote(s):UnitedKingdom;December31,2016toDecember31,2021Source(s):CompaniesHouse;MoneseTotalprofit/lossofMoneseLimitedintheUnitedKingdom(UK)from2015to2021(inmillionGBP)Totalprofit/lossofMoneseLtdUK2015-20210-1.53-2.49-5-10-15-20-25-30-35-40-7.0