KUALA LUMPUR, June 25 “Outstanding achievement” is the most accurate phrase to illustrate Bank Negara Malaysia’s success in ensuring Malaysia stepped towards competitive.
KUALA LUMPUR - "Outstanding achievement” is the most accurate phrase to illustrate Bank Negara Malaysia’s success in ensuring Malaysia stepped towards competitive and resilient.
AEON Credit Service (M) Bhd, which in April clinched one of five digital bank licences issued by Bank Negara Malaysia, expects its upcoming digital bank to start making a profit upon 4½ years of operations. “We’re looking at year four and a half to make a profit, and to recover the cumulative losses [of the first few years] in the seventh or eighth year,” chief transformation officer Ajith Jayaram tells The Edge. Bank Negara requires digital banks to break even within the first five years of operations.