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PING AN's PAObank: 1H Loss Narrows YoY
Recommend 21 Positive 39 Negative 8 |
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PING AN (02318.HK)'s PAObank CEO Yao Wensong stated that the company's first-half loss narrowed YoY, benefiting from increased revenue. The bank maintained strong momentum in its personal banking business, with total customer deposits reaching HKD5.94 billion as of June 30, representing a 41% YoY rise. Additionally, Yao mentioned that the bank is applying for licenses and aims to launch investment services as early as the fourth quarter, covering US stocks, Hong Kong stocks, and funds, while virtual asset investment services are not yet available. AASTOCKS Financial News Website: www.aastocks.com |
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