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Multiple digital banks in Hong Kong announce earnings: Ping An Digital Bank's deposits exceed HKD 12.5 billion, WeLab narrows losses
Deep Tide TechFlow News, May 1st, according to HK01 reports, many digital banks in Hong Kong have gradually announced their full-year 2025 performance, showing a trend of moving away from the early-stage money-burning expansion model and demonstrating a continuous narrowing of losses, faster revenue growth, and a shift in competition from “customer acquisition” to “profitability.” Among them: WeLab Bank’s after-tax loss in 2025 narrowed to HKD 59.95 million, with adjusted after-tax loss significantly reduced from HKD 238 million in 2024 to HKD 47.06M; Ping An Digital Bank’s after-tax loss narrowed to HKD 274 million, net interest income increased by 62% year-over-year to over HKD 224 million, total assets grew by 135% year-over-year to HKD 12.38 billion, and total customer deposits surpassed HKD 12.5 billion at the end of March this year.