WeLab Bank reported an adjusted profit of approximately HK$14.6 million for the first half of 2026, excluding around HK$20 million in strategic investments in technology, AI and product innovation.
The Hong Kong virtual bank recorded HK$492 million in revenue, up approximately 8% year-on-year. Net interest income rose 8.4% to HK$466 million, while net interest margin stood at 10.2%.
WeLab Bank’s retail loan portfolio exceeded HK$6.1 billion, representing approximately 11% year-on-year growth.
The bank said the portfolio grew at nearly 3.5 times the overall market rate while maintaining a delinquency rate below the market level.
Wealth management and multi-currency services also recorded growth. GoWealth assets under management nearly doubled year-on-year, while multi-currency deposits increased 87% from the end of 2025.
Active foreign exchange customers rose 43% compared with the second half of 2025, while overseas spending through the WeLab Global Wallet Debit Card increased 42%.
“Our first-half results demonstrate the strength of our underlying business. We continued to scale our business while maintaining an industry-leading net interest margin and resilient asset quality,”
said Tat Lee, Chief Executive of WeLab Bank.
“Looking ahead, we will further develop our wealth management platform and expand into new areas, including securities, insurance and supply chain financing.”
WeLab Bank is developing an AI-native operating model, with all employees equipped with AI tools and supported by ongoing training.
The bank is embedding Generative AI and AI Agents across customer journeys and internal operations, including credit risk management, product development and advisory services.
It is also piloting an AI-powered virtual focus group to simulate how different customer segments respond to wealth management propositions, with the aim of supporting future service development.
Featured image credit: Edited by Fintech News Hong Kong, based on image by mrsiraphol via Magnific
