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Eight Hong Kong digital banks announce results: total losses in 2024 exceed HK$2.6 billion "

Online report, 8 Hong Kong digital banks (Previously known as virtual bank) announced its 2024 full-year results, and all banks failed to escape losses. The eight digital banks had a total loss of more than 2.6 billion yuan in 2024, a year-on-year decrease of about 12%. The main situation is as follows: 1. Mox Bank recorded a loss of 710 million yuan, a year-on-year decrease of 4%, continuing to be the digital bank with the largest loss amount of the year; 2. ZA Bank's losses narrowed by 42% to 230 million yuan. As of the end of 2024, customer deposits were 19.4 billion yuan, up 66% year-on-year. It continues to be the bank with the largest customer deposits; 3. WeLab Bank reached a one-month break-even in December last year., it is expected to achieve profit in the first quarter of this year.

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