Ping An OneConnect Bank (PAOB)
ActivePing An OneConnect Bank (Hong Kong) Limited (“PAOB”) is committed to establishing a virtual banking ecosystem.
Ping An OneConnect Bank (Hong Kong) Limited
About Ping An OneConnect Bank (PAOB)
Ping An OneConnect Bank (Hong Kong) Limited (“PAOB”), a wholly-owned subsidiary of OneConnect Financial Technology Co., Ltd. (“OneConnect”) (NYSE:OCFT) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (HKEx:2318; SSE:601318), is committed to establishing a virtual banking ecosystem by optimizing customer-centric services through its innovation and sophisticated technology. PAOB was granted a virtual banking licence by the Hong Kong Monetary Authority (HKMA) in May 2019. PAOB is developing diverse business segments including retail banking and SME banking.
Financials (HK$ m)
| Year | Revenue | EBIT |
|---|---|---|
| 2019 | 7 | -112 |
| 2020 | 6.1 | -184.2 |
| 2021 | — | -89 |
| 2022 | — | -57 |
| 2023 | — | 439 |
| 2024 | — | 335 |
| 2025 | — | 847 |
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