AEON Bank plans to tap AEON Credit’s customer network to grow financing disbursements after spending two years building its digital banking infrastructure.
According to The Edge, AEON Credit Service (M) Bhd CEO Daisuke Maeda said the group expects the digital bank’s losses to ease in FY2027.
The bank has completed much of its early setup work, including the development of its core banking system.
Its next priority is to grow assets and financing income by reaching customers across AEON Credit’s ecosystem. This includes hire purchase customers, dealers, SMEs and micro-SMEs.
AEON Co (M) Bhd’s retail operations could also give the digital bank access to suppliers and tenants across its hypermarkets, supermarkets and shopping malls in Malaysia.
AEON Bank began operations in 2024 and is one of Malaysia’s five licensed digital banks.
It is jointly owned by AEON Credit and Japan’s AEON Financial Service Co Ltd.
AEON Credit’s share of losses from AEON Bank rose to RM85.22 million for FY2026 ended 28 February 2026, compared with RM68.33 million a year earlier.
The higher loss was mainly driven by technology, staffing and marketing expenses, including support for the launch of business banking.
Maeda said AEON Credit has no immediate plan to inject more capital into AEON Bank after its latest RM125 million subscription for additional shares.
The group will assess any future capital needs based on the bank’s growth and regulatory requirements.
Featured image: Edited by Fintech News Malaysia, based on image by digitizesc via Magnific
