ZA Bank
ZA Bank is one of the first virtual banks in Hong Kong. It was first license by the Hong Kong Monetary Authority on 27 March 2019. It officially opened its virtual doors to the public on 24 March 2020 and is one of the first fully-operating virtual bank in Hong Kong.
See below for the Latest ZA Bank News, Analysis, Profit Results, Share Price Information, and Commentary
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
The bank will set-out new guidelines shortly.
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
The bank will set-out new guidelines shortly.
ZA narrows net loss, sees 46% net revenue rise in H1
Total assets and net interest margin grew during the first half of 2024.
ZA Bank cuts installment loan interest rate
Applicants get a cash reward of up to $188.6 until 30 September.
Hong Kong’s ZA Bank achieves monthly net profitability
The bank has over 800,000 users in the city.
HKMA rules out new virtual banking licenses
Competition is keen in the market and enquiries have declined.
ZA Bank enables users to earn 8% p.a. Savings rate by walking daily
Users must complete fitness challenges in August.
ZA Bank rolls out reserve banking services to stablecoin issuers
It has on boarded RD InnoTech and is onboarding 10 other issuers.
Hong Kong’s ZA Bank kicks off dedicated banking services for stablecoin issuers
The bank has surpassed $1b in transfer turnover to Web3 clients.
ZA Bank rolls out tax loan, offers cash rewards
Even unsuccessful loan applicants can receive a reward.
Hong Kong’s ZA Bank to roll out US stock trading services
The Hong Kong SFC has lifted previous conditions to the bank's securities license.
1 in 2 Hongkongers hold ‘favorable’ views of virtual-only banks: study
45% have neobank accounts, and another 30% looks to sign-up over the next 3 months.
Hong Kong’s ZA Bank floats virtual asset trading services
The virtual bank also mulls launching US stock trading services in due course.
ZA Bank names former chief executive of rival virtual bank as new CEO
Ronald Iu joined ZA Bank’s parent ZA International in February 2022.
Hong Kong’s ZA Bank launches debt consolidation program Debt Changer
Users can defer payment for a month for every 12 month tenor they take.
Hong Kong’s ZA Bank unveils short-term savings plan with up to 5.25% p.a. return
It has an 18 month lock-in period and offers a 0.65% discount for a limited time.
ZA Bank launches tax loan with early repayment handling fee waiver
Users may avail of a 10% interest rate discount when applying for the loan before 30 November.
ZA Bank unveils USD funds
Subscription fees waived until the end of the year.
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