July 4, 2025

FinancialForecast

Banking

AEON Credit valuations to hinge on banking arm

PETALING JAYA: Aeon Credit Service (M) Bhd’s valuations will likely be driven by the performance of its loss making subsidiary, AEON Bank (M) Bhd, which is Malaysia’s first Islamic digital bank. AEON Credit’s management expects the bank to only post a profit in financial year 2029 (FY29) and to run losses till then due to

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