Singapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability

[SINGAPORE] Singapore’s digital banks are turning to faster-growing South-east Asian markets to drive loan growth as they set their sights on the path to profitability. This is amid rising interest income and mounting investor scrutiny.

Regional businesses in Malaysia and the Philippines are becoming increasingly important contributors to growth for both GXS Bank and MariBank, as competition intensifies in Singapore’s more mature banking market.

In FY2025, both GXS Bank and MariBank in Singapore reported higher interest income, reflecting how lending has remained a key driver of their growth strategies.