According to PANews, Bloomberg Industry Research analyst Chen Yongfu said that the comprehensive losses of Hong Kong virtual banks are expected to narrow to HK$2 billion or less in 2024, and operating expenses may fall below HK$3.2 billion.

Last year, the eight virtual banks generally recorded growth in net interest income, with MOX BANK, Fusion Bank, Li & Fung Bank and Ant Bank (Hong Kong) recording growth of more than 100%, but PAO Bank and Airstar Bank recording a decline in net interest income of 14% and 32% respectively.

Ant Bank's net loss after tax in 2023 was about HK$180 million, and its net interest income was HK$58.419 million, a year-on-year increase of 291%. Customer deposits were HK$633.822 million, a year-on-year increase of 79%; customer loans were HK$314.375 million, a year-on-year increase of 573%.

PAO Bank and Air Star Bank's technology-related expenditures in 2023 will be HK$60.61 million and HK$72.67 million respectively, accounting for 24% and 30% of total expenditures.