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Singapore's Trust Bank narrows losses amid increased revenue
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Singapore's Trust Bank narrows losses amid increased revenue
Trust Bank, the Singapore-based digital bank, said Friday that it has narrowed its operating losses amid increased revenue. The bank said in a statement the bank is in good progress towards profitability. According to the statement, the bank’s 2024 revenue increased 148 percent from S$39 million ($30.3 million) in 2023 to S$97 million ($75.36 million), while costs rose only 4 percent. Its operating losses narrowed to S$93 million ($72.25 million…
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