ZA Bank announced its 2024 annual results today, 30 April 2025. Its results recorded a net revenue of HK$548 million, while its net loss narrowed significantly by 42% YoY.
Calvin Ng, CEO of ZA Bank, said,
“We remain committed to serving the needs of a new generation of Hongkongers—from young professionals to those navigating key life transitions—by delivering tailored, goal-oriented financial services that support them at every stage of their journey.”
Highlights of the ZA Bank 2024 annual results performance also include that its net interest income soared by 86% to HK$ 489 million. The digital bank significantly narrowed its net loss by 42%, which it states is a HK$167 million improvement from the previous year.
Concerning other key performance indicators, the ZA Bank 2024 annual results reported a net interest margin (NIM) expansion by 47 basis points to 2.41%. Loans and advances grew by 5.7% to HK$5.6 billion, too.
Additionally, total assets increased by 60% to exceed HK$22 billion and operating expenses were reduced by HK$48 million, respectively.
The bank has also shown strong growth momentum in its wealth management business, indicating that it has 170+ investment funds on the ZA Bank app and an expanded investment product suite to cater to diversified asset allocation needs.
Its innovative savings products saw a 66% surge in customer deposits to HK$19.4 billion, with products like its High-Rate pot gaining traction. Also, the bank became Hong Kong’s first digital bank to offer dedicated reserve banking services for stablecoin issuers.
Between 2024 and the first quarter of 2025, ZA Bank conducted several investment user surveys to understand customer preferences and behaviors. In a crypto trading survey, 75% of respondents said they trusted banks for fund security and fraud prevention, feeling more comfortable using virtual asset services as a result.
ZA Bank has implemented approximately 20 regtech solutions, with nearly half developed in-house. These include a real-time fraud detection system and a robust back-end anti-fraud management platform.
Source of image: Edited from Freepik