About Livi Bank
Livi Bank operates as an e-commerce financial service provider. It provides services such as livi flexi loan, livisave, QR payment, livi debit mastercard, transfer, and more. The company was founded in Quarry Bay, Hong Kong.
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Latest Livi Bank News
Apr 30, 2023
livi bank: still in the investment stage Livi Bank explained that the loss has expanded and reached more than 700 million yuan, which is related to the fact that it is still in the investment stage, but it emphasizes that with the continuous growth of the loan product portfolio, it will drive considerable income growth. As of the end of last year, the loan product balance recorded more than 1.3 billion yuan. In addition to expanding its retail business, the bank launched a commercial bank for the first time this year. As of March 14 this year, it had more than 600 customers, and revealed that it is ready to expand its business in the Greater Bay Area at any time. As for Mox Bank, which is second only to livi bank in terms of losses, and is composed of Standard Chartered (Hong Kong), PCCW (0008) and Hong Kong Telecom, etc., benefiting from the expansion of its customer base, while investing in technology and talents, and improving its products and services, The loss has narrowed, but still reached 631 million yuan. 6 virtual silver losses narrowed Mox currently has more than 400,000 customers, deposits and loans of more than 8 billion yuan and 5 billion yuan respectively, and focuses on expanding bank card and digital lending services. In addition, the loss of Furong Bank during the year reached 532 million yuan, an increase of more than 22% year-on-year. As for ZhongAn Bank, which has the largest balance sheet, benefited from factors such as net interest and net fee income which increased by 1.21 times and 55% year-on-year respectively during the period, its loss decreased by 9.59% year-on-year to 498 million yuan. Its customer deposits and loans reached 9.171 billion yuan and 4.88 billion yuan respectively. During the period, the bank further consolidated its bancassurance business, while its wealth management business gradually took shape. In terms of other virtual banks, the four banks of Huili, Ant, Tianxing and Ping An OneConnect suffered losses of 458 million yuan, 203 million yuan, 199 million yuan and 157 million yuan respectively. 2023-04-28 20:41:50
Livi Bank Frequently Asked Questions (FAQ)
When was Livi Bank founded?
Livi Bank was founded in 2019.
Where is Livi Bank's headquarters?
Livi Bank's headquarters is located at 28/F, Oxford House, Taikoo Place, 979 King’s Road, Quarry Bay.
Who are Livi Bank's competitors?
Competitors of Livi Bank include AMTD Digital and 4 more.
Compare Livi Bank to Competitors
Mox is a virtual banking app that delivers a suite of retail banking services and lifestyle benefits all in one place. It was founded in 2020 and is based in Hong Kong, China.
KienlongBank offers internet banking services. The company offer services such as daily installment loan, banking, insurance, credit lending, and more. It was founded in 1995 and is based in Kien Giang, Vietnam.
HSBC Hong Kong offers banking services both in-person and online for investments, insurance, credit cards, loans, mortgages, and savings.
Bharat Co-operative Bank provides a range of banking services that include card facilities and Internet banking services. It was founded in 1977 and is based in Mumbai, India.
Ant Group (SGX: 5VJ) is a technology company that offers financial services, serving small and micro enterprises and consumers. It is dedicated to building an open ecosystem of technologies while working with other financial institutions to support the future financial needs of society. The company's products include Alipay, a payment and lifestyle platform, Ant Fortune, a comprehensive wealth management app, and Zhima Credit, an independent, private, alternative credit service. It was founded in 2011 and is based in Hangzhou, China.
aiBank is an independent bank established by CITIC Bank and Baidu that provides consumer and business financial services.
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