Singapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability
They state that loans will be a key driver for growth
Add BT as a preferred source
[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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%
Sony, Singapore’s GIC to pay almost US$4 billion for Bieber, Neil Young catalogue
