HDBank wins three titles at Vietnam Listed Company Awards

HDBank continued its streak of achievements with the Excellent Annual Report Award in the financial sector for the sixth consecutive year. This result comes from HDBank's continuous efforts in improving the quality of information disclosure, towards international standards such as the ASEAN CG Scorecard.

In the field of corporate governance, HDBank was honoured in the Excellence in Corporate Governance Award (Large Cap), and also won the Best Annual General Meeting of Shareholders Award (AGM) for the second consecutive year. HDBank has been at the forefront of adopting a flexible approach to AGMs, offering both online and in-person participation to maximise convenience and protect shareholder interests.

This commitment to accessibility is especially significant given the 2024 Awards focuses on corporate governance criteria in line with the latest Organisation for Economic Co-operation and Development (OECD) standards, which now include a 40 per cent weighting for international best practices.

The recognitions at VLCA 2024 are the result of HDBank's outstanding and sustainable operational efficiency. As of the end of the third quarter of 2024, HDBank posted profit before tax of VND12.7 trillion ($499.5 million), up 46.6 per cent over the same period. Total assets exceeded VND629 trillion ($24.7 billion), up 23.9 per cent.

Total capital mobilisation hit VND559 trillion ($21.9 billion), a 24.8 per cent increase from the previous year. Total outstanding loans rose to VND412 trillion ($16.2 billion), up 16.6 per cent. The bank’s profitability ratios include a 26.7 per cent return on equity, 2.2 per cent return on assets, and a non-performing loan ratio of 1.46 per cent.

Along with business activities, HDBank also takes the lead in activities for the community and the environment. In the first nine months of 2024, HDBank carried out many meaningful corporate social responsibility activities such as donating tens of thousands of health insurance cards to the poor; building houses of gratitude; supporting poor students; responding to the programme to eradicate temporary houses and run-down houses nationwide launched by the prime minister; deploying a preferential credit package of VND12 trillion ($472 million) for customers affected by Storm Yagi and activities to support people affected by floods in the northern provinces.

The VLCA 2024, a prestigious annual event organised by HSX, HNX, and Vietnam Investment Review, attracted over 500 listed companies. The organising committee recognised HDBank for its excellent disclosure of information on risk management, non-performing loan assessment and control, and effective capital use.

These three awards reflect HDBank's ongoing commitment to information transparency, compliance with advanced governance standards, and promotion of sustainable environmental, social, and governance practices. These efforts create value for shareholders, customers, and the community.

HDBank held its Q2 investor conference on August 8, where it announced positive business results for the first half of the year.

HDBank has strengthened its existing collaboration with Proparco by securing a new credit facility of $50 million towards its sustainable development targets.

HDBank announced its 9-month business results on October 29, with pre-tax profit reaching VND12.7 trillion ($501.7 million), up 46.6 per cent on-year.