MANILA -- Digital lender UNO Digital Bank might break even this year, its president and chief executive officer said Thursday.

"We are on track to become profitable towards the end of this year, and that’s a very very big focus area for us," said Manish Bhai.

"UNO has differentiated itself in this marketing approach, and for us break even in record time is a key performance metrics, which we are all internally tracking," he added.

Bhai was responding to a question on whether UNO was one of the 2 digital banks identified by a Bangko Sentral ng Pilipinas official as profitable.

Growing your money: Should you put your savings in digital banks?

The executive said they plan to move towards breaking even by accelerating their lending and selling more of their products.

UNO Digital Bank is partnering with SingLife to offer more Filipinos insurance on their platform. 

Insurance firm Singlife eyes double digit growth in policies issued

--ANC, 4 April 2024