KUALA LUMPUR (June 23): AEON Credit Service (M) Bhd (KL:AEONCR) expects losses from its digital banking venture to narrow in FY2027 amid focus on assets growth and financing income.
This year onwards, AEON Bank will “gradually grow its assets”, said chief executive officer Daisuke Maeda. AEON Bank has largely completed its foundational build-out over the past two years, including the development of its core banking system, he noted.
The digital bank is looking to increase income through higher financing disbursements by leveraging the AEON Credit ecosystem in Malaysia, he said.
AEON Bank, one of Malaysia's five digital banks, commenced operations in 2024 and is jointly owned by AEON Credit and Japan’s AEON Financial Service Co Ltd.
For the 12 months ended Feb 28, 2026 (FY2026), AEON Bank’s share of losses widened to RM85.22 million from RM68.33 million a year earlier, due to higher costs incurred for technology, personnel, and marketing support for the launch of business banking.
Maeda, speaking to reporters after the bank's annual general meeting on Tuesday, highlighted that AEON Credit has a sizeable network of hire purchase customers, dealers, small and medium enterprises (SMEs) as well as micro-SMEs.
AEON Co (M) Bhd (KL:AEON), its sister company operating hypermarkets, supermarkets, and shopping malls in Malaysia, provide access to suppliers and tenants that could potentially become customers of the digital bank, he said.
Maeda also said the group currently has no immediate plans for additional capital injections into AEON Bank following the last RM125 million subscription for additional shares.
"In the near future, we do not have such plans,” he said, adding that future capital requirements will depend on the bank's growth trajectory and regulatory capital needs.