Wio Bank Eyes Dh100 Billion Club as UAE's Fastest-Growing Digital Lender

Wio Bank revealed its ambition to join the Dh100 billion asset club within two to three years. CEO Jayesh Patel told The National the digital lender is growing at eight to ten times the industry rate, surging from Dh11 billion to Dh50 billion in assets in under three years since launch.

The bank's customer base grew 72 percent year-on-year, driven by a 93 percent jump in personal customers and a 42 percent rise in business accounts. Wio is opening up to 15,000 new accounts every month.

Patel signaled that payments and wealth management would drive the next phase of growth as the state-backed digital bank positions itself to capitalize on the UAE's economic expansion trajectory.