On 8 February 2019, Monobank ASA (Monobank) and BRAbank ASA (BRAbank) entered into a merger agreement, with the intent to create a well capitalised bank with a broad distribution platform and fully funded growth ambitions. Monobank CEO Bent Hilding Gjendem will continue as CEO for the combined bank, which will be named BRAbank and be headquartered in Bergen. BRAbank's Chairman Geir Stormorken will be appointed Chairman for the combined bank, and Monobank's Chairman Jan Greve-Isdahl will continue as Vice Chairman.