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. BPI digital platforms unavailable on 4 October 2025 2. Singapore’s investment banking fees rise 31.5% in 9M 2025 3. Philippine central bank to halt new digital bank license applications 4. ING posts record half with US$78.8b in sustainable finance deals 5. UOB enables cardholders to redeem rewards at Johor merchantsResource Center
Read Here
Advertise
Sign Up
Event News
Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
Kwong Wah Eric Fan of Shanghai Commercial Bank highlights how the company drives fintech growth through digital transformation.
Commentary
Electronic trading proves its strength in times of volatility