According to ChainCatcher, Wu Zhonghao, acting CEO of ZA Bank, said that thanks to the operational effect brought by the expansion of customer base, revenue has increased. In addition, the bank adjusted its business strategy about a year and a half ago and no longer relied solely on high-interest deposits to attract customers, which led to a single-month profit in July this year, making it the first virtual bank to successfully achieve monthly profits.
Given that the market conditions are still unclear, Wu Zhonghao dare not assert whether it can maintain profitability in the second half of the year, but he is confident that sustainable profitability can be achieved in the long term.