HDBank was named among the Top 10 Large Cap Companies with the Best Annual Reports at the 2022 Vietnam Listed Companies Awards. (Photo courtesy of the bank) This was the fourth time in a row that HDBank won the award. Thisyear it joined other big names such as Vinamilk, Petrolimex, SSI, VietinBank,MB Bank, and ACB in getting the award.
Speaking at the event, Nguyen Thi Viet Ha, a member of the HOSEboard of directors, said this year’s awards attracted the participation ofnearly 500 listed companies.
They were divided into various tiers based on market cap, andcompeted in three report categories: annual, corporate governance andsustainability. Nearly 50 awards were presented this year.
"This is a prestigious award," Ha said.
Tran Anh Dao, deputy CEO in charge of HOSE and head of theorganising committee, said despite some changes recently the securities marketremains an active capital source for businesses.
This is the year that shows the ability of enterprises to overcomedifficulties after the pandemic.
The organising committee appreciated HDBank for its pioneering indigital transformation and sustainable development and having an outstanding,clear and transparent annual report.
HDBank's annual report highlights its achievements and presentsfull information and organisational structure attractively and scientifically.The bank also made the annual report in English.
Notably, the annual report recorded some outstanding points in thedisclosure of the list of subsidiaries and associates, information on the mainbusiness areas, and the bank's ownership ratios in these companies.
The report also features analysis on financial and businessposition fully and clearly to make it easy for shareholders to better grasp thebank’s financial, operations and governance situation.
By the end of the third quarter this year HDBank had recordedrobust growth in all areas.
Capital adequacy was 15.3%, among the highest in the bankingsector and nearly twice as high as the minimum requirement of 8% set by theState Bank of Vietnam.
Its profit before tax in the first nine months was over 8 trillionVND, up 31.7% from a year earlier and 82% of the full-year target.
Profitability ratios ROE and ROA were 25.2% and 2.2% respectively,putting it among the leading lenders in terms of efficiency.
HDBank has consistently promoted the automation of key processesto improve operational efficiency and the customer experience.
Its technological capabilities were deeply appreciated by partnersand State management agencies when it joined hands with other organisations tosuccessfully undertake large national projects, including building a website tomobilise resources for the Vaccine Fund, and coordinating with FPT to overcomethe congestion problem at HOSE.
HDBank provides the best financial solutions to customers in thefields of high-tech agriculture and environment-friendly manufacturing.
In addition to its own resources, HDBank signed agreementsworth 700 million USD with foreign partners such as Proparco (the privatesector financing branch of Agence Française de Development), DEG (a subsidiaryof German investment and development bank KFW Group) and Affinity InternationalInvestment Fund to promote sustainable development.
HDBank has always participated in social activities such asdonating funds to build charity houses, perform eye surgeries for poorblind people, issue free health insurance cards to poor households, andgrant scholarships to students./.
VNA
