Prize of digital banking licence eyed

TheStar Tue, Sep 07, 2021 07:30am - 2 years View Original


Paramount group CEO Jeffrey Chew (pic) said the property developer is looking at a stake of 20% to 30%, should the central bank grant the consortium a digital banking licence next year

PETALING JAYA: Paramount Corp Bhd is looking at having up to a 30% stake in a five-member consortium which has applied for a digital banking licence from Bank Negara.

Paramount group CEO Jeffrey Chew said the property developer is looking at a stake of 20% to 30%, should the central bank grant the consortium a digital banking licence next year.

“We are not the majority shareholder in all these investments (digital business ventures),” said Chew during an online media briefing.

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