Multiple digital banks in Hong Kong announce financial results: Ping An Digital Bank’s deposits exceed HK$12.5 billion; WeLab narrows its losses
According to HK01, several digital banks in Hong Kong have recently announced their full-year 2025 financial results. Overall, the industry is gradually moving away from its early-stage capital-intensive expansion model, with trends emerging such as continued narrowing of losses, accelerated revenue growth, and intensified competition shifting from “customer acquisition” to “profitability.” Specifically:
- WeLab Bank’s post-tax loss narrowed to HK$59.95 million in 2025; its adjusted post-tax loss dropped sharply from HK$238 million in 2024 to HK$47.059 million.
- Ping An Digital Bank’s post-tax loss narrowed to HK$274 million; its net interest income rose 62% year-on-year to over HK$224 million; its total assets grew 135% year-on-year to HK$12.38 billion; and its total customer deposits exceeded HK$12.5 billion as of end-March this year.
