VCI (US:VCIG) Globenewswire·2025-09-04 19:30Core Insights - Credilab, a fintech subsidiary of VCI Global, has achieved significant milestones in the Southeast Asian digital financing landscape, including a loan book expansion to US$35 million and a 53% year-over-year revenue growth [2][6] - The company has maintained non-performing loans (NPL) below 3%, demonstrating effective risk management through its proprietary credit risk engine [2][4] - Credilab has received conditional approval for a full online lending license from the Malaysian government, which will enhance its ability to provide nationwide financing access [3][6] Company Performance - For the twelve months ending June 2025, Credilab's loan book reached US$35 million, reflecting strong demand from underserved small and medium enterprises (SMEs) [2] - The company reported a 53% increase in revenue year-over-year, indicating robust growth and scalability of its AI-driven model [2] - The NPL ratio remains below 3%, highlighting the effectiveness of Credilab's credit assessment and risk management systems [2][4] Regulatory Developments - Credilab has received conditional approval for a full online lending license from the Ministry of Housing and Local Government of Malaysia, marking a significant regulatory milestone [3] - This approval is expected to facilitate seamless access to financing across Malaysia, aligning with Credilab's mission to democratize credit [3][5] Market Opportunity - As of 2024, micro, small, and medium enterprises (MSMEs) represent 96.1% of all business establishments in Malaysia, indicating their critical role in the economy [5] - Malaysia faces an SME financing gap of approximately US$64 billion, underscoring the substantial unmet demand for financing solutions [5] - Credilab aims to address this gap by offering same-day loan disbursement and alternative credit scoring, thereby promoting financial inclusion [5][6]