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
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1. UOB upgrades 300,000 Visa cards to new premium tiers across ASEAN 2. Asia plays part in $129t global credit market pool 3. HSBC and EPAA launch agentic payments working group 4. UOB Private Bank names Judy Chan as Hong Kong managing director 5. Western Union rewrites remittance playbookResource Center
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Asian Banking & Finance Awards 2026 Event Highlights
Relive the Asian Banking & Finance Awards 2026.
Commentary
Asia plays part in $129t global credit market pool
How alternative data lending is reaching Southeast Asia's unscored MSMEs
Asia is leading payments modernisation and banks can't afford to fall behind