Trust Bank

Trust Bank to launch US equities trading function within its mobile app

Customers will be invited to open a trading account in the coming weeks

Accompanying a family during the guided shopping experience were Dr Syed Harun (first from left), Member of Parliament for Nee Soon GRC; Dwaipayan Sadhu, CEO of Trust Bank (second from right); and Denise Low (first from right), service delivery division director at MSF.
TAKING HEART

Trust Bank launches S$100,000 giving-back initiative with FairPrice tie-up

Beneficiaries learn how to use GenAI to shop and eat more healthily and affordably

Trust Bank's revenue has more than doubled to S$97 million, from S$39 million in FY2023.

Trust Bank’s FY2024 loss narrows to S$93.4 million

Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+

Dwaipayan Sadhu, chief executive of Trust Bank, says: “We aim to be the fourth-largest retail bank by customer numbers by the end of this year, and we believe we are well on track to getting there.”

Trust Bank’s deposits more than double to S$3 billion in H1 2024, customer base hits 806,000

The digital bank is confident of breaking even by end-2025; it targets unmet needs like the emerging affluent segment

Dwaipayan Sadhu, CEO of Trust, says that the bank is not targeting high-net-worth individuals.

Trust Bank hits over S$1 billion in deposits; expects to break even by 2025

DIGITAL bank Trust Bank breached the S$1 billion mark in deposits in early May, with 500,000 customers signed up.

GXS might have been the first digital bank to be launched in Singapore, but its limited pool of customers means Trust Bank has more time to corner a piece of the market.

Digital banks stake out customer segments, but early returns likely limited

IN the space of a week, 2 of the 3 expected retail digital banks have launched in Singapore: Trust Bank opened on Thursday (Sep 1), while GXS Bank made its services available to a select group within ...

Trust Bank Launch. (L-R) Kee Teck Koon, Chairman of FairPrice Group, Deputy Chairman of NTUC Enterprise Co-operative Limited, Board of Directors at Trust Bank; Lawrence Wong, Deputy Prime Minister and Finance Minister; Judy Hsu, Standard Chartered's CEO of Consumer, Private and Business Banking; Dwaipayan Sadhu, CEO of Trust

Singapore’s first digital bank Trust Bank launches

THE Standard Chartered Bank and Fairprice Group’s digital bank, Trust Bank launched with savings accounts and credit card offerings for retail customers.