Multiple digital banks in Hong Kong announce earnings: Ping An Digital Bank's deposits exceed HKD 12.5 billion, WeLab narrows losses

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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.

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