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.
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