Customer growth and strategy adjustment boost profitability ZA Bank becomes Hong Kong's first profitable digital bank.

Hong Kong's first and largest digital bank, ZA Bank, recently announced that it had turned a profit in the month of July, marking a further consolidation of its leading position in the digital banking sector. Since its establishment in 2020, ZA Bank has achieved this milestone in just four years, demonstrating its strong growth momentum and Hong Kong's leadership in the global digital banking industry. ZA Bank provides comprehensive financial services, including banking, insurance, and investment, and continuously expands its range of products and services, such as fund and US stock trading functions, as well as customized banking solutions for startups and small and medium-sized enterprises, gaining wide market acceptance. The user-centered strategy not only drives ZA Bank's business growth and profitability, but also earns the trust of over 800,000 users, accounting for 13% of the bankable population in Hong Kong, with a penetration rate as high as 25% among the younger generation. This rapid growth surpasses the development history of many medium-sized retail banks, highlighting the public's high recognition of ZA Bank's innovative, safe, and user-friendly banking experience. According to the performance disclosure of ZA ONLINE (06060), as of the end of June, ZA Bank had a deposit balance of approximately 16.801 billion Hong Kong dollars, a total loan balance of approximately 5.619 billion Hong Kong dollars, with revenue of 255 million Hong Kong dollars, a year-on-year increase of 46%. ZA Bank's net interest margin exceeds the industry average, with net income increasing by 46% year-on-year to 255 million Hong Kong dollars, proving the sustainability of its diversified business model.