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Revolut CEO: Confident in UK banking license approval

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2024-07-02 00:56:51
Nikolay Storonsky, chief executive and co-founder of Revolut, which first applied for a UK banking licence in 2021 but faces lengthy delays, said the company was confident of securing a UK banking licence "soon" after overcoming some key hurdles.
Revolut's annual statement released on Tuesday showed its full-year 2023 pre-tax profit will rise to $545 million, which the company noted was helped by strong user growth and revenue diversification.
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