Keyword: "HDBank"

Banks will need to issue new Tier-2 capital bonds to replace maturing bonds and bolster their capital adequacy ratios, said experts.

With profits exceeding 20 trillion VND (833 billion USD) in 2023, many banks are eyeing to join the billion-dollar profit club this year.

Since the beginning of the year, numerous banks have launched attractive credit packages with low interest rates, some even as low as 0% per year, easing the financial burden for customers seeking additional capital, particularly during the time leading up to Tet (Lunar New Year holiday).

The Ho Chi Minh City Housing Development Commercial Joint Stock Bank (HDB) has been recently honoured as the “Leading Partner Bank in Vietnam” by the Asian Development Bank (ADB).

Many banks are starting procedures to pay dividends to shareholders from now until the end of the year.

Outstanding loans to the real estate sector in the first half of 2023 surged by 17.4%, exceeding the 10.7% growth rate of the whole of 2022, according to data from the State Bank of Vietnam (SBV).

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has won the 2023 Asian Banking & Finance Award in the “Sustainability Initiative of the Year – Vietnam” category.

The State Bank of Vietnam (SBV) has recently granted the first credit growth quotas in 2023 to a number of banks, with a majority of them receiving lower rates than last year.

With a dim outlook for the banking industry, most securities firms expect conservative profit growth for banks in 2023.

The Ho Chi Minh City Development Joint Stock Commercial Bank has been named among the Top 10 Large Cap Companies with the Best Annual Reports at the 2022 Vietnam Listed Companies Awards organised by the Ho Chi Minh Stock Exchange, Hanoi Stock Exchange and Investment Review newspaper in Da Nang.

Though banks gained profits of trillions of Vietnamese dong in Q3 2022, credit quality has remained a concern of the banking industry, especially when Circular No. 14/2021/TT-NHNN on loan rescheduling for COVID-19 affected borrowers expired at the end of June this year.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – ticker code HDB) has reported consolidated total operating income and pre-tax profit of nearly 5.4 trillion VND (217.1 million USD) and over 2.7 trillion VND (108.5 million USD) for the third quarter, up 45.6% and 43.4% year-on-year.

HDBank donated 1.2 billion VND (50,286 USD) to build houses for 20 poor families at an event held to launch the ‘Month for the Poor in 2022’ in Ho Chi Minh City last week.

VNDirect Securities Corporation estimates that about 83.5 trillion VND (3.5 billion USD) will be added to the economy after some banks continue to adjust their credit growth limits for this year.

Through credit packages with preferential interest rates, and products and services customised to each customer group’s needs, banks focus on helping enterprises access capital to restore production and business.

The International Finance Corporation (IFC) and the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) signed a memorandum of understanding on May 11 to become strategic partners for helping small and medium enterprises scale up finance and participate in global supply chains, including high-tech agricultural chains.

the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) is cooperating with e-commerce giant Amazon to facilitate cross-border trade with a number of support policies, according to a representative of the bank.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has unveiled an online preferential credit package of 5 trillion VND (220 million USD) with an interest rate of only 4.99 percent.

HDBank, Sacombank, ABBANK, and VNG have won the ‘Best Companies to Work for in Asia 2021’ award from HR Asia, an authoritative regional publisher in the human resources industry.