HDBank profits over $323M thanks to sustainable strategy

As of June 30, the bank recorded a credit growth of 13% compared to the beginning of the year.
It continues to direct credit flows to sectors that are drivers of economic growth, such as agriculture, rural areas, SMEs, chain finance, green credit, and tourism.
The capital adequacy ratio according to Basel II standards reached 13.9%.The consolidated bad debt ratio, including consumer finance, was 1.59%.
Total revenue was VND16,045 billion (nearly US$634.9 million), up 32.9% over the same period.
Return on equity was 26.1%, and return on assets was 2.1%, both higher than the previous year.This year, shareholders received dividends of up to 30%.
HDBank has completed paying a 10% cash dividend and continues to implement a 20% stock dividend, expected in 2024Q3.
As of June 30, total assets exceeded VND624 trillion (US$24.69 billion), up 29% over the same period last year.The capital mobilization scale reached over VND552 trillion (US$21.8 billion).
Deposits from digital banking channels reached nearly VND40 trillion (US$1.58 billion), five times higher than the same period.

HDBank’s transaction office. Photo courtesy of HDBank

According to the bank representative, the above results were achieved thanks to the comprehensive implementation of the sustainable development strategy (ESG) in the first half of the year.
Recently, HDBank published a sustainable development report following international standards.
Accordingly, the bank demonstrated its commitment to implementing the principles of sustainable development, aiming to be anet-zero bank before 2050.
It established a Sustainable Development Committee under the Board of Directors to supervise the comprehensive integration of ESG standards into operations.
The bank actively researched and applied artificial intelligence technology, helping attract new customers through digital channels 2.5 times higher than the same period last year.
Almost 95% of transactions were conducted on digital channels, and the number of e-banking transactions increased by 130% over the same period.
In addition to launching new products, HDBank completed ahead of schedule the deployment of biometric technology using facial recognition to improve transaction security.
Previously, the bank launched an application dedicated to developing agriculture in a modern, efficient, and sustainable direction.
Due to its business growth and sustainable strategy, HDBank has received awards such as “Retail Bank of the Year” and “Digital Banking and Payment Initiative of the Year in Vietnam” from Asian Banking & Finance Magazine in early July.
Previously, it was voted “Best Bank for Sustainable Finance” by The Asset magazine and entered the Top 500 largest enterprises in Southeast Asia by Fortune magazine.

(function(d,s,id){var js,fjs=d.getElementsByTagName(s)(0);if(d.getElementById(id))return;js=d.createElement(s);js.id=id;js.src=”