HDBank dons the crown for the Best Bank for Green Credit once again

Ho Chi Minh City-based commercial lender HDBank has been voted by the readers of VnEconomy as the Best Bank for Green Credit and the Bank with the Best Service Quality in 2019, reinforcing its stature as a green bank.

The award affirms HDBank's development vision as a green bank

According to the Organising Committee, HDBank won the recognitions ahead of 7,600 products and services nominated over nearly one year.

The results were based on 35,000 votes and 82,300 online feedbacks from consumers on various platforms: direct events (conferences, talks, the first Vietnam Consumer Forum), press, media (industry and product specials), and social network (Facebook, fan pages).

Green banking, of which green credit is a current trend, is a key strategic direction for HDBank. The bank is pioneering the implementation of green credit to support renewable energy projects and high-tech agriculture.

The bank is pioneering the implementation of green credit to support renewable energy projects and high-tech agriculture.

As of September 30, HDBank pledged nearly VND10 trillion ($434.78 million) for commercial and roof-top solar power projects in Vietnam with the total power output of 725 MWp.

Through its green credit programme, the southern lender is liable to not only provide customers with the best financial solutions but also target sustainable values, promote renewable energies, reduce the dependence on electricity grid, tackle environmental pollution, and ensure national power security.

In addition, HDBank also committed VND10 trillion ($434.78 million) for the development of clean and high-tech agriculture to boost the application of advanced and clean technologies in agriculture, to better capitalise on the advantages brought by disruptive 4.0 technologies in agriculture, and to create a healthier and more integrated country.

Previously in September 2019, HDBank was the first member of the Asian Development Bank (ADB) to receive the Green Deal Award, a recognition for its notable achievements in green finance while participating in the ADB Trade Finance Program (TFP).

HDBank also championed in the category of the Bank with the Best Service Quality. In fact, it has scooped up various prestigious recognitions from EuroMoney and AsiaMoney.

At the end of the third quarter of 2019, HDBank's cumulative pre-tax profit surged by 51 per cent on-year to a record-breaking VND3.44 trillion ($149.57 million) for the first nine months of 2019.

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