ZA Bank’s total assets increased by 43% to HK$20 billion, becoming the first digital bank in Hong Kong to achieve monthly profitability

According to Odaily Planet Daily, ZhongAn Bank announced its interim results. As of June 30, 2024, its total assets increased by 43% to HK$20 billion, making it the first digital bank in Hong Kong to achieve monthly profitability.

In terms of commercial banks, the number of new account openings increased by 60%, and there are currently more than 800,000 users, accounting for 13% of Hong Kong's bankable population.

More than half of users have set ZA Bank as the default receiving bank for FPS, and the penetration rate among Generation Z users has reached 25%.

After the Hong Kong Monetary Authority announced the list of participants in the stablecoin issuer sandbox, ZhongAn Bank became the first local digital bank to provide exclusive reserve bank services for stablecoin issuers.