Digital bank UNO says it can break even this year

Benise Balaoing

ABS-CBN News

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</style><style class="darkreader darkreader--sync" media="screen"></style><p>MANILA -- Digital lender UNO Digital Bank might break even this year, its president and chief executive officer said Thursday.</p><style type="text/css" id="isPasted">
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</style><style class="darkreader darkreader--sync" media="screen"></style><p>&quot;We are on track to become profitable towards the end of this year, and that’s a very very big focus area for us,&quot; said Manish Bhai.</p><style type="text/css" id="isPasted">
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</style><style class="darkreader darkreader--sync" media="screen"></style><p>&quot;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,&quot; he added.</p><p>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.</p><div><a href="https://news.abs-cbn.com/business/01/05/24/growing-your-money-should-you-save-in-digital-banks" rel="noopener noreferrer" target="_blank">Growing your money: Should you put your savings in digital banks?</a></div><p>The executive said they plan to move towards breaking even by accelerating their lending and selling more of their products.</p><p>UNO Digital Bank is partnering with SingLife to offer more Filipinos insurance on their platform. </p><div><a href="https://news.abs-cbn.com/business/12/13/23/singlife-eyes-double-digit-growth-in-policies-issued" rel="noopener noreferrer" target="_blank">Insurance firm Singlife eyes double digit growth in policies issued</a></div><p>--ANC, 4 April 2024</p><div><br/></div><style type="text/css" id="isPasted">
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<p>Digital lender UNO Digital Bank might break even this year, its president and CEO said.</p>

Digital lender UNO Digital Bank might break even this year, its president and CEO said.

Digital bank UNO says it can break even this year | ABS-CBN

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Digital bank UNO says it can break even this year

Digital bank UNO says it can break even this year

Benise Balaoing,

ABS-CBN News

Published Apr 04, 2024 05:40 PM PHT

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Updated May 29, 2024 02:14 PM PHT

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UNO Digital

UNO bank

digital bank

SingLife

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