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WeLab Bank Records Revenue of HK$942 million in 2025, Up 35% Year-on-Year

30 Apr 2026

Sustained Profitability Momentum Drives Full Acceleration Towards Sustainable Growth


30 April 2026, Hong Kong — WeLab Bank (“the Bank”) today announced its full-year results for 2025. Underpinned by prudent credit management, disciplined risk controls and dynamic pricing strategies, the Bank achieved profitability in the first half of the year. Recognizing that the business had firmly embarked on a trajectory of sustainable profitability, the Bank significantly ramped up its investment in loan business marketing in the second half of the year — driving loan growth to accelerate at more than four times the pace of the first half, with interest income continuing to expand. Complemented by diversified business development and innovation through artificial intelligence (AI), WeLab Bank has advanced along its profitability track at pace, laying a solid foundation for sustainable growth in 2026.


For the full-year 2025, WeLab Bank maintained its leading position in Hong Kong’s digital banking market across four key metrics:

  • Revenue^: Record high at HK$942 million, representing a 35% increase year-on-year.
  • Operating income: Reached HK$573 million, growing 63% year-on-year, supported by disciplined credit decisions and funding optimization.
  • Net Interest Margin (NIM): Improved to 10.6%, significantly exceeding the market’s low single-digit average.
  • Unsecured retail loan portfolio: Reached approximately HK$6 billion, leading the Hong Kong market.


WeLab Bank continued to deliver strong expansion in its loan business, with investment in loan business marketing increasing significantly by 25% in the second half of the year compared to the first half. Loan book growth accelerated in the second half of the year, expanding at more than four times the pace recorded in the first half, providing powerful momentum for sustainable recurring revenue. Underpinned by the Bank’s robust credit risk management, WeLab Bank maintained lower‑than‑market delinquency rates, around twice as favourable relative to market averages, delivering a high level of asset quality. Meanwhile, the Bank continued to enhance operational efficiency, with its cost-to-income ratio improving by 19 percentage points year-on-year, demonstrating its ability to maintain strict cost discipline while continuing to invest in sustainable growth.


Expansion of New Growth Engines

In 2025, WeLab Bank made significant progress in expanding its wealth management, multi-currency deposit, and multi-currency debit card businesses. Wealth management Assets Under Management (AUM) increased by around 270% year-on-year, with total subscription volume rising fivefold, establishing wealth management as a key growth driver for the Bank. The Bank further enhanced its suite of foreign exchange, global remittance, and multi-currency deposit services, with USD deposits growing nearly tenfold year-on-year.


WeLab Bank also became Hong Kong’s first digital bank to launch a Multi-Currency Debit Card, supporting 11 currencies with $0 FX handling fees. Since its launch in December 2025, the card has received a strong market response, with customer adoption and overseas spending demonstrating a clear and sustained upward trajectory.


Advancing AI-Powered Fintech Innovation

As an AI-first digital bank, WeLab Bank further deepened its strategic partnership with Google to drive AI-led fintech innovation. During the year, the Bank’s wholly-owned subsidiary WeLend launched Hong Kong’s first 100% AI-generated TV commercial. The Bank introduced an AI Loan Agent at WeLend, reducing lending approval time by approximately 20% and delivering materially improved customer experience and operational efficiency. WeLab Bank also deployed an AI Fraud Alert Prioritization Agent, achieving a recall rate of over 96%, significantly strengthening the Bank’s anti-fraud detection capabilities. In the fourth quarter, the Bank launched an AI-powered FX engine, aiming at offering the best rates for customers anytime, anywhere.


Global Recognition

WeLab Bank was recognized as Hong Kong’s Best Digital Bank by both Euromoney and FinanceAsia in 2025, making it the first digital bank in Hong Kong to receive top honors from multiple leading financial publications. The Bank was also named among the World’s Top 20 Digital Banks by Euromoney, further solidifying its leadership in the global digital banking landscape.


Tat Lee, Chief Executive of WeLab Bank, said: “2025 was a landmark year for WeLab Bank. Sustaining profitability in the first half confirmed that our business has entered a phase of stable and healthy growth, while our accelerated investments in AI and new product development in the second half have laid a strong foundation for the next stage of sustainable growth. Building on this momentum in 2026, WeLab Bank will continue to execute our dual-engine strategy of AI and financial innovation, expanding into new business verticals including equities and bancassurance to serve a broader customer base, and driving the next chapter of our growth at scale.”


^Revenue is defined as operating income before change in allowances for expected credit losses.


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