In the past 10 years HDBank has achieved a compounded annual growth rate of 49.1%.
Profitability ratio ROA is 2% and ROE is 24.2%, both higher than last year and keeping HDBank among the group of leading banks in these crucial indicators.
Its capital adequacy ratio (CAR) of 12.6% is equal to 150% of the ratio stipulated for the banking industry under Basel II norms. Its non-performing loan ratio is only 1.5% and other prudential indicators are all positive.
As of December 31, 2023, HDBank’s total assets were worth over VND602 trillion ($24.3 billion), up 44.7% from a year earlier.
Deposits were up 46.5% at VND537 trillion ($21.6 billion), and the consolidated credit balance was 353 trillion ($14.2 billion), up 31.8%.
To maintain sustainable growth momentum, on one hand HDBank is steadfast in its strategic focus on multi-purpose retail, small and medium enterprises and consumer finance, and on the other proactively adopts the best international standards for modern banking management.
In 2023 the bank pioneered upgrading to Basel III international governance standards and embracing an environmental, social and governance (ESG) strategy.
HDBank is the first in Vietnam to publish an ESG report in 2024 as part of its efforts to help Vietnam achieve its commitment of achieving net zero greenhouse gas emissions.
HD SAISON Finance Co. Ltd., a joint venture with a Japanese partner, achieved leading business results in terms of profit and safety among financial companies.
In addition to vibrant business activities, HDBank has also discharged its social responsibility through meaningful programmes nationwide.
HDBank was honoured with many prestigious awards in the past year such as the ASEAN Business Awards 2023 – Digital Innovation Award by the ASEAN Business Advisory Council, Board of The Year awarded by the Vietnam Institute of directors (VIOD), and Best Retail Bank in Vietnam in 2023.
The bank also won award for Listed Companies with Best Orgnisation of Annual General Meeting by the Ho Chi Minh City Stock Exchange, Hanoi Stock Exchange and Investment Review newspaper.
Hashtag: #HDBank
The issuer is solely responsible for the content of this announcement.
About HDBank
HDBank stands as one of Vietnam’s prominent financial institutions, deeply committed to promoting ESG, sustainable development, innovation, and development.
The bank’s mission is to offer financial solutions that enable both individuals and businesses to thrive and prosper.
Services
STAKEHOLDER ENGAGEMENT
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
BUSINESS INTELLIGENCE
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
GOVERNMENT RELATIONS
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
BUSINESS & BROADER MARKET ACCESS
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
‘A WORKING LUNCH WITH NORDIN’: NATIONWIDE TOUR WITH TOYOTA
MGBF founding chairman Nordin Abdullah and UMW Toyota president Datuk Ravindran K. will delve into the convergence of automotive innovation and environmental sustainability in Penang, Sarawak, Johor and Pahang.
MGBF Roundtable: Digitalisation of the Food and Beverage Industry
Hosted by menumiz™ – an end-to-end restaurant management system – this roundtable will feature a case study presentation and a panel session to discuss the latest digital trends, challenges, and opportunities within the food and beverage sector.
THE SOUTH CHINA SEA: A THREAT OF DISRUPTION FOR BUSINESS?
In this episode of 'A Working Lunch with Nordin', MGBF's founding chairman, Nordin Abdullah, will host this discussion focusing on the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
FOOD SECURITY IN THE BREACH: INDUSTRIALISATION AND WEAPONISATION
This MGBF Roundtable will focus on regional food security issues and trends in the regional supply chain, and trade regulations and policies, including a new geopolitical tool i.e., weaponisation of supply chains.
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The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
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The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
