Hong Kong virtual banks future
ZA Bank reports HK$548m net revenue and narrows losses by 42%
ZA Bank reports HK$548m net revenue and narrows losses by 42%
Net interest income is 86% higher in 2024.
Mox Bank hit HK$170m operating income in 2022
The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said.
Expect failures amongst Hong Kong’s virtual-only banks: S&P
Digital lenders are currently at a loss-making and some may fold over the next few years.
Thought Leadership Centre
Most Read
1. Mastercard pushes tokenisation as payments go passive 2. OCBC profit expected at $1.7b on higher fee and insurance income 3. OCBC sets up securities financing unit to mobilise idle assets 4. UOB profit set to slide 16.7% on lower wealth and loan fees 5. Crédit Agricole unifies CIB and wealth arms in 43,400 sqft hubResource Center
Read Here
Advertise
Sign Up
Events
Event News
Leading industry figures from BSP, BPI, Singlife, BDO, Malayan Insurance, and Allianz PNB Life assemble to discuss risk management, data-driven personalisation, and other key issues.
Commentary
Digital transformation starts with leadership
The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’