According to Foresight News: ZA Bank, a Hong Kong-based bank, reported a net loss of CNY 177 million (HKD 190.4 million) in the first half of 2021, a 17% decrease compared to the same period last year. The bank's net income increased by 13% year-on-year, reaching CNY 152 million, with non-interest operating income accounting for 25.8% of total operating income. As of June this year, ZA Bank had 700,000 retail customers, up from 650,000 at the end of last year. The bank's deposit balance was HKD 10.712 billion, while the total loan amount was approximately HKD 4.916 billion, with a loan-to-deposit ratio of 45.9%.
In a recent report by Foresight News, Yao Wensong, CEO of ZA Bank, stated at the launch ceremony of HashKey Exchange that the bank is actively preparing to cooperate with licensed exchanges in Hong Kong, such as HashKey. ZA Bank hopes to become the preferred bank for HashKey Exchange and contribute to the continuous development of Hong Kong's virtual asset ecosystem.