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Chan Wing-fu, a senior analyst in the banking and fintech industry at Bloomberg Industry Research, said that it is expected that in 2024, due to rapid revenue growth and a stable cost base, the consolidated loss of Hong Kong virtual banks will be reduced to HK $2 billion or less; operating expenses may fall below HK $3.20 billion. Last year, eight virtual banks generally recorded net interest income growth, with MOX BANK, Fu Rong Bank, Rihui Bank, and Ant Bank (Hong Kong) recording growth of mor...
Chan Wing-fu, a senior analyst in the banking and fintech industry at Bloomberg Industry Research, said that it is expected that in 2024, due to the rapid growth of revenue and the stable cost base, the comprehensive loss of Hong Kong virtual banks will be reduced to HK $2 billion or less; operating expenses may fall below HK $3.20 billion. Last year, eight virtual banks generally recorded net interest income growth, MOX BANK, Fu Rong Bank, Rihui Bank and Ant Bank (Hong Kong) recorded more than ...
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