In Fast sees significant growth opportunity in mass-market banking segment. In recent years, global financial landscape has undergone significant transformations driven by technological advancements and changing preferences of customers. Traditional banks have shifted towards high-net-worth clients leaving behind mass-affluent and market clients as opportunities lie dormant. However, this represents an attractive prospect for companies like iFast, aiming to exploit these emerging trends. This opportunity is particularly important given the increasing demand for wealth management services and digital banking solutions among mass-affluent clients. The quarterly earnings presentation of the group highlighted impressive growth, with a net income increase of 24.5% for the year and an increase in earnings per share from S$0.0856 to S$0.1056. These results reflect significant support and demonstrate growing interest in iFast's products. The robust performance of the group underscores its ability to adapt to evolving market dynamics and meet the needs of diverse clients.

During its development strategy, iFast plans to extend its multilingual credit card service globally, including seven new markets: Hong Kong, Singapore, Thailand, Malaysia, Taiwan, Pakistan, and Germany. Currently, Singapore occupies around 68.7% of the Group's managed resources (RGM), followed by Malaysia and Hong Kong. The Group's RGM has reached a record of S$36.76 billion in the third quarter, indicating a 20% increase compared to the previous quarter. Starting with the launch of two ethical mutual funds (FEM) on the Singapore Exchange, which further confirm Lim's strong position in the financial sector. These FEMs are expected to offer investors diversified access to various risk classes, improving attractiveness for both internal and minority shareholders.

Starting with rapid growth, iFast's deposit-to-deposit ratio remains moderate, planning to achieve a net cost of about 30-35% by 2030. This strategy ensures liquidity during periods of fluctuating deposits and supports long-term bank yield objectives. Looking ahead, iFast continues to expand into emerging markets, emphasizing its leadership position in the mass-market banking segment. With a solid fundamental base established in Singapore and an evidenced success in offering superior value to clients, iFast is capable of capitalizing on this promising opportunity and stimulating future growth.

In conclusion, strategic attention of iFast towards serving and developing mass-affluent and commercial clients represents a significant growth opportunity. As the company continues to evolve and extend its reach, it is ready to become one of the leaders in the mass-banking landscape, offering innovative solutions that adapt to the new needs of current consumers.