In the news...
Boost Holdings S/B, a fintech arm of Axiata Group, is set to see new investor taking up to 30% stakes?
The new investor is widely saidto be Angkasa (Koperasi Kebangsaan Malaysia Berhad).
Boost Holdings current shareholders: 78% Axiata, ~20% Great Eastern Digital, ~2% Mitshui.
With the new entrant, Axiata is expected to reduce its stake.
Boost Holdings owns 60% of Boost Bank with RHB Bank owning the remaining.
Angkasa manages salary deduction system used by civil servants to repay loans.
Angkas's interests in digital bank is not a surprise as it was one of the applicants who big for a digital banking licence, but lost.
Angkasa had taken a look at KAF Digital Bank but nothing materialised.
Angkasa has 17,000 cooperattives, 7.4 million member. It's said that Angkasa contributed to 3.6% of GDP last year.
Boost Bank financials:
> Boost Bank like other digital banks, still making losses.
> Reported RM68 million loss in 2025.
> Reported RM23 million loss in 1Q2026.
Boost Holdings Financials:
> Revenue was RM222 million in 2025.
> PAT was -RM155 million.
Source: The Edge