The announcement was made at HDBank’s Annual General Meeting of Shareholders, held on April 24 at Galaxy Innovation Hub. The event coincided with the bank’s 35th anniversary and brought together hundreds of attendees in person and online.
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Dr. Nguyen Thi Phuong Thao, Permanent Vice Chairwoman of HDBank’s Board of Directors, chairs the congress. Photo by VnExpress/Thanh Tung |
Reflecting on 2024’s accomplishments, Chairman Kim Byoung Ho noted the bank’s resilience despite global economic challenges.
HDBank achieved a consolidated pre-tax profit of VND16.73 trillion ($642.8 million), a 28.5% year-over-year increase, and exceeded its target by 105.5%.
With an ROE of 25.7% and an ROA of 2.04%, the bank ranked among the top performers in the industry.
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Kim Byoung Ho reviews the bank’s outstanding activities over the past year. Photo by VnExpress/Thanh Tung |
HDBank’s total outstanding credit rose 23.8% to VND437.7 trillion, outpacing the industry average. Total mobilization reached VND621.1 trillion, up 16% year-over-year, ensuring ample liquidity and aligning credit growth with capital mobilization.
HDBank’s potential at regional level
According to Fernanda Lima of Leapfrog Investments, HDBank made significant progress in 2024 by promoting financial inclusion, improving environmental and social practices, and expanding its insurance distribution role in Vietnam.
Last year, the bank disbursed approximately VND4.4 trillion (US$180 million) to businesses that struggled to access credit domestically.
Junjie Tong, CEO of Affinity Equity Partners, emphasized that HDBank’s growth potential is immense, likening its current phase to the early, foundational stage of bamboo development. He said: “Once its roots are strong, HDBank will grow tall and solid.”
He predicted a strong financial performance over the next 12–14 months.
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Le Nhi Nang, Director and Head of the Southern Representative Office of the State Securities Commission, speaks at the conference. Photo by VnExpress/Thanh Tung |
Le Nhi Nang of the State Securities Commission noted that HDBank exceeded its 2024 business targets, maintained high efficiency, and consistently ranked among the top listed enterprises. The bank’s dividend payments and financial performance reflect its ability to sustain high growth and deliver shareholder value.
HDBank 2025: Focus on internal resources
In 2025, HDBank plans to formally launch the HDBank Financial Group, leveraging synergies among its members, including HDBank, Vikki Digital Bank, HD Securities, and other subsidiaries.
The bank’s target is to achieve VND890.4 trillion in total assets, VND792.8 trillion in total mobilized capital, and VND597.9 trillion in outstanding loans.
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HDBank’s leaders update the bank’s business results at the congress. Photo by VnExpress/Thanh Tung |
Thao expressed her gratitude to investors and partners who have supported the bank over its 35-year journey. She highlighted the significant progress achieved, including a nearly fourfold increase in shareholder value since the IPO.
Moving forward, HDBank plans to enhance its technology and innovation capabilities, strengthen corporate governance, and continue its sustainable growth strategy.
Concluding the congress, HDBank signed cooperation agreements with key partners, signaling a new phase of growth.
