Total operating expenses of Monzo Bank 2016-2023
Since its establishment in 2015, Monzo Bank has witnessed significant growth in its assets and at the same time experienced a substantial increase in its total operating expenses. In its first reporting year in 2016, the bank's total operating cost was approximately 1.7 million British pounds. As of 2023, total operating expenses of Monzo surpassed 330 million British pounds.