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
Add BT as a preferred source
CUSTOMER deposits at Trust Bank more than doubled to S$3 billion in the first half of 2024, from S$1.2 billion in the same period last year.
The number of customers at the Singapore digital bank also hit 806,000 in the same period, up from 577,000 a year earlier, said Dwaipayan Sadhu, chief executive of Trust Bank.
“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,” he said at a media briefing and launch of a new cashback card on Thursday (Aug 29).
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Is it time to scrap COE categories for cars?
