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

Benise Balaoing,

ABS-CBN News

Published Apr 04, 2024 05:40 PM PHT

|

Updated May 29, 2024 02:14 PM PHT

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p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 20.0px 'Helvetica Neue'}

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

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"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.

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 13.0px 'Helvetica Neue'}

"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

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Read More:

UNO Digital

UNO bank

digital bank

SingLife

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