ZA Bank announced that it has become the first digital bank in Hong Kong to achieve monthly profitability

ChainCatcher news, ZA Bank's acting CEO Wu Zhonghao stated that the expansion of the customer base has led to operational efficiencies, resulting in revenue growth. Additionally, about a year and a half ago, the bank adjusted its business strategy, no longer relying solely on high-interest deposits to attract customers, which contributed to achieving monthly profitability in July this year, making it the first virtual bank to successfully achieve monthly profits.

Given that the market conditions remain unclear, Wu Zhonghao is not yet willing to assert whether profitability can be maintained in the second half of the year, but he is confident in achieving sustainable profitability in the long term.