HDBank Reports 46.6% Profit Increase Amid Digital Transformation

HDBank, based in Ho Chi Minh City, has reported a significant rise in profit before tax, achieving VND 12,655 billion (approximately US$500 million), reflecting a 46.6% increase year-on-year. This constitutes 79.8% of its annual targets. The bank's robust financial health is further demonstrated by a return on equity (ROE) of 26.7% and return on assets (ROA) of 2.2%, reinforcing its status among leading banks.

The bank announced a dividend payout of 30% for 2023, including a 10% cash dividend and an upcoming 20% stock dividend. HDBank's total consolidated assets reached VND 629 trillion, marking a 23.9% increase year-on-year, with funding mobilization rising by 24.8% to VND 559 trillion.

HD SAISON, HDBank's consumer finance arm, saw its loan portfolio grow by 15% year-on-year, with profit before tax surging 126% to VND 906 billion. The non-performing loan ratio stands at 1.46%, and the capital adequacy ratio is at 14.8%, reflecting strong financial management and sustainable development integration.