RM10bil revenue pool awaits digital banks

It would also take these banks three to five years to break even as they need time to build up scale, the research firm said in a report following an expert speaker session featuring Ernst & Young Consulting (EY) partner Ling Kay Yeow.

PETALING JAYA: The five new digital banks in Malaysia could aim to take a share amounting to a value pool of around RM10bil out of the banking sector’s RM91bil total revenue, according to CGS-CIMB Research.

It would also take these banks three to five years to break even as they need time to build up scale, the research firm said in a report following an expert speaker session featuring Ernst & Young Consulting (EY) partner Ling Kay Yeow.