A transaction office of HDBank (Photo: HDBank) HCM City (VNS/VNA) - The Ho Chi Minh City Development Joint Stock CommercialBank (HDBank) has won the Platinum Award, the highest recognition, at the 2017Vision Awards Annual Report Competition organised by the League of AmericanCommunications Professionals.
HDBank also won several other awards includingfor Top 10 reports worldwide, Top 4 reports in Asia Pacific, Top 5 Vietnamesereports, and best in-house report in the Asia Pacific region and Worldwide.
The bank’s 2017 annual report, highlighting thetheme “Set Sail”, got the highest scores in most categories.
It scored 30/30 in First Impression, 10/10 inReport Cover, 10/10 in Letter to Shareholders, 10/10 in Report Narrative, 10/10in Report Financials, 10/10 in Creativity, 9/10 in Message Clarity, and 10/10in Information Accessibility for a total score of 99/100.
The contest received applications from around1,000 companies in various sectors around the world.
Among the big winners were global brands such asAbbott, IBM, Intel, Kumho Petrochemical, The Nielsen Company, and Union AssetManagement Holding AG.
By overcoming tough competition from big lendersand financial institutions around the world to win the Platinum Award, HDBankhas proved its annual report is attractive both in terms of content andpresentation.
The report fully complies with regulations,providing detailed and transparent information to the bank’s shareholders andinvestors about its business performance in 2017 and plans for the upcomingyears.
It describes in detail all the activities ofeach and every department and unit of the bank to showcase the desire of thebank’s management and more than 13,000 staff to conquer new horizons.
HDBank won the Gold Award in this competition in2011, 2012 and 2016.
The bank reported a solid performance in 2017,including a pre-tax profit of 2,417 billion VND (106.5 million USD), ayear-on-year increase of 110 percent and nearly double its target. Post-taxprofit was worth 1,954 billion VND (86 million USD), up 2.2 times from 2016.
In the first six months of this year, it reporteda pre-tax profit of 2,063 billion VND (90.1 million USD), a 2.3-fold jump fromthe same period last year.
The bank’s return on assets and return on equitywere 1.74 percent and 21.11 percent, among the highest in the sector.
It also had the lowest non-performing loansratio in the industry of just 0.93 percent.
HDBank has won numerous awards and been highlyrated by international institutions.
The bank was rated as the “Best Bank in Vietnam”by Asiamoney in 2017, the “Best Managed Business in Asia” by Euromoney for twoyears (2015, 2016), and among the Top 500 Banks in Asia and Top 8 CommercialBanks by The Asian Banker. Moody’s credit rating has given it a B2.
Earlier this year it was presented with a LabourOrder, second class, from the Vietnamese President.-VNS/VNA
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