Business

HDBank named best domestic retail bank for second straight year

HDBank has recently obtained the "Best Domestic Retail Bank" award by Asian Banking & Finance magazine, for the second consecutive year, for its impressive performance in the retail segment with modern products and services meeting the diverse needs of millions of local and foreign clients.
HDBank named best domestic retail bank for second straight year ảnh 1HDBank wins the “Best Domestic Retail Bank" award for 2020 given by Asian Banking & Finance magazine. (Photo: courtesy of HDBank)

Hanoi (VNA) - HDBank hasrecently obtained the "Best Domestic Retail Bank" award by AsianBanking & Finance magazine, for the second consecutive year, for itsimpressive performance in the retail segment with modern products and servicesmeeting the diverse needs of millions of local and foreign clients.

Asian Banking & Finance is aprestigious financial magazine that annually conducts independent polls andpresents awards to businesses operating in the region that meet its criteria.

HDBank was awarded along with big names inthe region and Vietnam such as CIMB, OCBC, Citibank, Agribank, Vietcombank,BIDV, HSBC, and Standard Chartered.

The "2020 Best Domestic Retail Bank"award was conferred on HDBank based on its 2019 business results in all areas,including operation scale, business network, services and solutions forindividual customers, utility products and services, and market contributionsas well as objective customer reviews, in which retail took the spotlight.

HDBank's business achievements, in theretail segment in particular, are the result of implementing its orientation tobecome a leading bank in the retail, consumer and SME segments.

Its market share and clientele have beenconstantly growing. In the individual loan segment, HDBank has registeredstrong growth with various products such as agriculture loans, business loans,car loans, and secured consumer loans.

HDBank is also a pioneer in opening businessaccounts totally online with digital signatures, and the first bank in Vietnamto join the TradeAssets Trade Finance E-marketplace to connect with and processtrade finance transactions on the blockchain application platform.

Actively implementing programmes to enablecustomers to handle difficulties and overcome the effects of the COVID-19pandemic, the bank maintained sustainable development momentum in the firsthalf of the year, with its profit reaching 2.9 trillion VND (125.2 million USD)and NPLs kept below 1.1 percent, the lowest in the industry.

Apart from its second "Best DomesticRetail Bank" award from Asian Banking & Finance, HDBank this year alsobecame the only Vietnamese bank to be named by HR Asia as "Asia's BestWorkplace" for three consecutive years./.
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