HDBank in triple victory at listed company awards

HDBank continued its streak of achievements with the Excellent Annual Report award in the financial sector for the sixth consecutive year at the event.

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 with an Excellence in Corporate Governance award (large cap), and also won the Best AGM award 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.

HDBank won an Excellent Annual Report Award for the sixth year in a row

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

The recognitions at the award ceremony are the result of HDBank’s outstanding and sustainable operational efficiency. As of the end of the third quarter of this year, HDBank posted profit before tax of VND12.7 trillion ($499.5 million), up by over 46 per cent over the same period. Total assets exceeded VND629 trillion ($24.7 billion), up 23.9 per cent.

Meanwhile, the 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.

HDBank representatives at Vietnam Listed Companies Awards

Along with business activities, HDBank also takes the lead in activities for the community and the environment. So far in 2024, HDBank has carried out multiple corporate social responsibility activities, such as donating tens of thousands of health insurance cards to underprivileged people; building houses of gratitude; supporting poor students; and responding to a government programme to eradicate temporary houses and run-down homes across the country.

It also deployed a preferential credit package of VND12 trillion ($472 million) for customers affected by Typhoon Yagi, and other activities to support people affected by floods in the northern provinces.

The Vietnam Listed Company Award, organised by the Hanoi and Saigon stock exchanges as well as Vietnam Investment Review, attracted over 500 listed companies this year.

The organising committee recognised HDBank for its excellent disclosure of information on risk management, non-performing loan assessment and control, and effective capital use.

The 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, its leaders said.

It was named in the Excellence in Corporate Governance category

HDBank won the Best AGM Award for the second consecutive year

HDBank and Proparco credit financing tops $100 million HDBank has strengthened its existing collaboration with Proparco by securing a new credit facility of $50 million towards its sustainable development targets.

HDBank profits reach $501.7 million in first nine months of 2024 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.

HDBank wins three titles at Vietnam Listed Company Awards HDBank won three prestigious titles at the Vietnam Listed Company Awards (VLCA) 2024 on November 16, reaffirming its position as one of the best in the banking and finance sector through its commitment to information transparency and professional governance.