Ping An Digital Bank‘s total assets rose 133% year-on-year to more than HK$15.6 billion as of 30 June 2026. At the same time, customer deposits grew 131% to nearly HK$13.7 billion.
Net interest income also rose by about 55% to more than HK$140 million. Meanwhile, total loans stood at HK$4.14 billion.
The Hong Kong virtual bank, which marks its sixth anniversary this year, launched wealth services in March.
By the end of June, fee and commission income had grown sevenfold year-on-year to HK$6.5 million.
The bank said investment commissions are now a new source of fee income. It also expects service fees to gradually become another revenue driver.
Retail and wealth services
Retail customers use a single app for deposits, foreign exchange, cross-border remittances, investments and insurance.
Within the same app, they can move money between savings and investments without a separate transfer.
In addition, the bank plans to offer more investment products and high-end wealth management services.
“Centred on the “Customer Experience First” vision, the Bank will continuously diversify the suite of investment offerings and introduce high-end wealth management services , creating a digital wealth management experience that balances flexibility with professional expertise,”
said Ronald Iu, Chief Executive of Ping An Digital Bank.
Business banking for trade SMEs
For businesses, the bank offers accounts, cross-border remittances, currency exchange and loans.
To serve trade SMEs, it uses commercial and alternative data to speed up account opening and credit checks.
According to the bank, this approach supports the Hong Kong government’s call to use financial services to support the real economy.
It plans to keep supporting trade SMEs and cross-border e-commerce firms as they expand overseas.
Featured image: Edited by Fintech News Hong Kong, based on image by wagyu_t via Magnific.