GXS FlexiLoan customers saved a total of S$4 million in interest in the past 12 months [Yahoo! Finance]
Grab Holdings Limited (GRAB)
Company Research
Source: Yahoo! Finance
SINGAPORE April 3, 2024 /PRNewswire/ -- GXS Bank (GXS) today announced that GXS FlexiLoan customers have cumulatively saved S$4 million in interest in the past 12 months. The Bank launched the GXS FlexiLoan in April 2023 and has disbursed more than 100,000 loans within a year. GXS, which holds a banking licence from MAS, launched in 2022 with a mission to make banking better and more accessible to consumers and businesses in Singapore . One way in which the Bank is doing so is by disrupting market practices which do not serve its customers. For example, GXS customers can enjoy interest savings with the GXS FlexiLoan because interest on the loan is calculated daily, based on the outstanding balance at the end of the previous day. Ms Jenn Ong , Head of Retail at GXS, said, "Personal loans in Singapore often come with legacy administrative fees which erode the financial boost that loans should provide consumers. We believe that a loan can be a powerful tool in your financial toolk
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- Grab to Announce First Quarter 2024 Results on May 15, 2024GlobeNewswire
GRAB
Earnings
- 2/22/24 - Beat
GRAB
Sec Filings
- 4/8/24 - Form 144
- 4/1/24 - Form 6-K
- 4/1/24 - Form 6-K
- GRAB's page on the SEC website