Singapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability

[SINGAPORE] Singapore’s digital banks are turning to faster-growing South-east Asian markets to drive loan growth as they set their sights on the path to profitability. This is amid rising interest income and mounting investor scrutiny.

Both GXS Bank and MariBank in Singapore reported higher interest income for FY2025, reflecting how lending has remained a key driver of their growth strategies.

At GXS Bank, interest income grew some 60.4 per cent from S$44.1 million in 2024 to S$70.8 million in 2025. At MariBank, that growth was some 33.7 per cent, from S$53.1 million in 2024 to S$71.9 million in 2025.