UNO Digital Bank breaks even, says it's on the cusp of profitability

MANILA, Philippines — UNO Digital Bank has achieved a break-even position in its operations as of February, marking a shift from early-stage investment to what it sees as a more sustainable model. In a statement on Saturday, the four-year-old bank announced that it had attained a positive operating margin before provisions ahead of the release of its March balance sheet. It also signaled that it’s on track to reach profitability within this year. “Achieving operating break-even at this stage is an important validation of our model,” said Manish Bhai, UNO Digital president and CEO. READ: BSP on guard as digital banks […]...

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