HDBank conferred Best Managed Company award by Euromoney

October 02, 2015 | 11:29

(0) user say

Thanks to its coherent, effective and transparent strategies and focused management, Ho Chi Minh City-based HDBank has won the Best Managed Company Award 2015 by UK-based prestigious financial magazine Euromoney.

HDBank is the first bank in Vietnam to win this coveted prize and the only Vietnamese enterprise to make it to Euromoney’s prize list this year.

HDBank was rated best-managed company because it met all the criteria set out by the contest organisers.

The winners were chosen through a survey of 500 analysts at leading banks around the world. The survey was done between February 26 and July 3 this year.

Last year, HDBank and its subsidiary companies posted a combined pre-tax profit of VND700 billion ($32.4 million); a year-on year increase of 15.4 per cent in terms of total asset value to VND99.5 trillion ($4.6 billion); and a 16 per cent growth in capital mobilisation.

Its outstanding credit balance was VND54 trillion ($2.5 billion), up 10 per cent over 2013.

The bank kept its bad debt ratio at 1.4 per cent, return-on-assets (ROA) at around 0.6 per cent and return-on-equity (ROE) at 6.9 per cent.

By By Mai Thuy

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional