$GRAB

Loan disbursals growth over the past 3 quarters has been comforting.

There has been a clear acceleration across the board, which is much needed.

I’ve long said that $GRAB needs to grow its loans aggressively to compete with the likes of $SE in the region.

For context, $SE has 10x the loan book and is growing faster. Hopefully Grab’s cash loans for consumers can help with this.

Obviously it will be key to maintain credit quality, and it does appear that is happening, with management confirming ECL as % of total loans disbursed is down yoy.