Green Link Digital Bank grows loan book to S$50 million; eyes IPO on SGX within five years

GREEN Link Digital Bank (GLDB) has grown its loan book from S$20 million on Dec 31, 2022 to S$50 million today, as it targets micro, small and medium enterprises (MSMEs) as customers.

The Greenland Holdings-backed bank also has plans to break even by 2025, said Geng Jing, chairman of GLDB, on the sidelines of its first anniversary. GLDB is aiming for an initial public offering on the Singapore Exchange within five years. While listing in Shanghai may get the bank higher valuations, Geng believes that the bank should be listed in its home market.

“Listing on SGX could also help us, as the exchange and investors would understand the business more,” he said.