GXS Bank's annual revenue for the fiscal year 2023 (FY2023) was S$16.1 million.
GXS Bank, a digital bank, has seen a notable increase in its full-year revenue. For FY2023, ending December 31, the bank reported a revenue of S$16.1 million. This marks a significant increase compared to its revenue of S$5.1 million in the previous fiscal year, FY2022.
GXS Bank Revenue Performance
The growth in revenue highlights the bank's operational expansion. Here's a summary of GXS Bank's full-year revenue figures:
| Fiscal Year | Annual Revenue (SGD) |
|---|---|
| FY2023 | S$16.1 million |
| FY2022 | S$5.1 million |
Financial Context of GXS Bank
While GXS Bank experienced substantial revenue growth from FY2022 to FY2023, its financial filings indicate that the bank also saw widening losses during the same period. In FY2023, GXS reported a loss of S$208.2 million, compared to a loss of S$132.5 million in FY2022. This context provides a broader view of the bank's overall financial health, where revenue growth is occurring amidst increasing operational costs or investments.
