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CGS-CIMB keeps 'add' on Credit Bureau Asia as digital banks kick off new revenue stream

Chloe Lim
Chloe Lim6/13/2022 11:12 AM GMT+08  • 3 min read
CGS-CIMB keeps 'add' on Credit Bureau Asia as digital banks kick off new revenue stream
Photo: Credit Bureau Asia
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CGS-CIMB Group Research analyst Andrea Choong has kept an “add” rating on Credit Bureau Asia (CBA) with an unchanged target price of $1.20.

On June 3, Green Link Digital Bank (GLDB) under the Greenland Financial consortium, launched its banking business, becoming one of the first digital wholesale banks in Singapore.

ANEXT Bank by Ant Group followed shortly after by soft launching its digital wholesale banking (DWB) business in Singapore on June 6.

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