Singapore
The firm had posted profits for three straight years in 2019-21.
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Indonesia
Bank Jago booked a net profit of $3.07m in Jan-June 2024.
The higher losses were mainly on account of a 162% rise in expenses last year.
The pace of growth was the slowest since its 2.7% investment return in 2020.
The bank’s net income reached S$22.2 million, while its loss for the year increased to S$29.8 million.
Philippines
Higher expenses offset a 2.4x growth in revenue.
India
The RBI this year had wound down Paytm Payments Bank citing compliance issues.
World
The firm posted record total assets under management of $1.1 trillion in the quarter, up 7% year-over-year.
The firm has remained in the red after a profitable 2020.
The digital bank posted S$51.9m in losses last year, up from S$40.4m in 2022.