According to BlockBeats, on September 4, ZA Bank’s acting CEO Wu Zhonghao said that the bank’s revenue has increased due to the operational effect brought about by the expansion of its customer base. In addition, the bank adjusted its business strategy about a year and a half ago and no longer relied solely on high-interest deposits to attract customers, which led to a monthly profit in July this year, making it the first virtual bank to successfully achieve monthly profits.
Given that the market conditions remain unclear, Wu Zhonghao does not dare to assert whether profitability can be maintained in the second half of the year, but he is confident of achieving sustainable profitability in the long term.
