Implementing a sustainable development strategy, HDBank reports a profit of VND 8,165 trillion, with NPL ratio at only 1.59%

US$324.47 million), an increase of 48.9% over the same period driven by HDBank's enhanced operational efficiency and implementation of digital transformation initiatives.

According to the financial statements, as of June 30, 2024, HDBank recorded a credit growth of 13.0% compared to the beginning of the year.

Capital adequacy ratio (CAR) according to Basel II standards reached 13.9%. The consolidated NPL ratio, including consumer finance as prescribed in Circular 11 of the State Bank, is only 1.59%, among the lowest in the sector.

HDBank recorded a total operating income of VND 16,045 billion (US$636.6 million), up 32.9% over the same period. Return on equity (ROE) was 26.1%, and return on assets (ROA) reached 2.1%, both are higher than the previous year.

This year the Bank's shareholders are receiving dividends of up to 30%. HDBank has completed paying a 10% cash dividend (i.e: 1000 dong/share) and is continuing to implement the distribution of a 20% stock dividend, expected in the third quarter.

HDBank's total assets exceeded VND 624 trillion (US$24.7 billion), a 29% increase compared to the same period last year. Total funding mobilization reached over VND 552 trillion (US$21.9 billion), of which deposits from digital banking channels reached nearly VND 40 trillion (US$1.6 billion), 5 times higher than the same period last yesar.

HDBank became the first Vietnamese bank to publish a Sustainability Report in 2024, compiled according to international standards. Through the report, HDBank clearly demonstrates its commitment to implementing the principles of sustainable development, towards the goal of Net Zero Bank by 2050.

Additionally, HDBank's position in the international capital markets continued to be affirmed when it was listed among the TOP 500 largest enterprises in Southeast Asia based on the prestigious Fortune magazine's ranking.

HDBank is confident that the highly commendable outcomes achieved in the first six months of the year, coupled with the strategic implementation of pioneering initiatives, will serve as a robust foundation for the Bank's sustained and elevated trajectory in 2024.


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