𝕏xSG first seen 2 d ago, last 2 d ago, peak #3

Green Link Digital Bank posts S$16M profit amid big bank dominance

Original: Green Link Digital Bank (GLDB) reported a S$16M profit, small compared to DBS's S$13.1B, OCBC's S$9.12B, and UOB's S$5.6

Green Link Digital Bank reported a S$16 million profit, a fraction of what Singapore's incumbent banks earned, with DBS at S$13.1 billion, OCBC at S$9.12 billion and UOB at S$5.66 billion. Still, GLDB stands out as one of only two profitable digital banks in Singapore, having built its business around micro, small and medium enterprises.

Why now: Digital bank profitability is rare, so GLDB joining the ranks of profitable players draws attention despite the gap with incumbents.

Green Link Digital BankDBSOCBCUOB

Open on x →

Evidence

• Green Link Digital Bank (GLDB) reported a S$16M profit, small compared to DBS's S$13.1B, OCBC's S$9.12B, and UOB's S$5.66B. Yet, it's one of only two profitable digital banks in Singapore, focusing on MSMEs. Read more here: https:// fintechnews.sg/135623/digital -banking-news-si · FintechSIN · 3

API: https://socialmediatrends-api.osmike.com/v1/trends/1336718