Hong Kong’s ZA Bank has swung into the black, reporting a HK$49 million interim profit for the six months to June 2025.

Revenue rose 82 percent from a year earlier, driven by a 43 percent increase in net interest income and a 56 percent jump in fee income.

Customer deposits climbed to over HK$21.1 billion, while total assets reached HK$24.65 billion.

The bank’s net interest margin reportedly remained steady at 2.38 percent.

Wealth management remained a strong contributor, with assets under management from investment users rising more than 125 percent year-on-year.

The bank’s platform offers access to funds, US stocks and crypto, reflecting growing demand for a broader range of investment products.

ZA Bank has also expanded its role in Hong Kong’s digital asset market.

It serves as a banking partner for most licensed virtual asset trading platforms and provides services to more than 300 Web3 companies.

Earlier this year, it became the first digital bank in the city to launch custody services for stablecoin reserve assets under the regulatory sandbox.

The results mark a milestone for the lender, which last year became the first among Hong Kong’s virtual banks to achieve monthly profitability.

The bank also recently disclosed that it has surpassed one million users.

Calvin Ng, CEO of ZA Bank, said,

“As Hong Kong’s first digital bank, ZA Bank has reached a significant milestone – recording our first-ever half-year profit and surpassing one million users within just five years.

This achievement demonstrates that even in a mature financial market like Hong Kong, seizing the right opportunities can still lead to meaningful breakthroughs.”

Featured image: Edited by Fintech News Hong Kong, based on images by ZA Bank, and lifeforstock via Freepik