HDBank achieves profit of $383.95 million in H1

HDBank achieves profit of $383.95 million in H1

HDBank announced its financial results for the second quarter and the first half of 2025 on July 30, highlighting operational efficiency and safety indicators that remain among the top in the industry.

In the second quarter of 2025, HDBank posted a pre-tax profit of VND4.71 trillion ($179.58 million), bringing its first-half earnings to a record VND10.07 trillion ($383.95 million), the highest half-year profit in the bank’s history.

Robust credit expansion, sound risk management

In the first six months of 2025, HDBank's net interest income reached VND17.23 trillion ($656.94 million), up 15.8 per cent on-year. Non-interest income from payment services, digital banking, and foreign exchange trading saw a strong breakthrough of over 210 per cent on-year. These contributions collectively resulted in a 30 per cent increase in total operating income, reaching VND20.84 trillion ($794.59 million). Furthermore, HDBank's successful digital transformation initiatives were instrumental in optimising operating costs, which propelled the cost-to-income ratio to an outstanding 25.5 per cent.

With these results, HDBank continues to lead the sector in operational efficiency with a return on equity (ROE) of 26.5 per cent and Return on Assets of 2.2 per cent. The non-performing loan ratio, as regulated by the State Bank of Vietnam (SBV), continued to be controlled at a low level of 1.94 per cent. The capital adequacy ratio exceeded 13 per cent (under Basel II standards). Other safety indicators were maintained at good levels compared to the sector average.

As of June 30, HDBank's total assets had surpassed VND784 trillion ($29.89 billion), an increase of 12.4 per cent compared to the beginning of the year (YTD). Mobilisation reached VND664 trillion ($25.32 billion), up 7 per cent. Outstanding loans exceeded VND517 trillion ($19.7 billion), an increase of 18.2 per cent YTD, almost doubling the sector’s average growth of 9.9 per cent.

This growth was strategically targeted towards sectors like infrastructure, manufacturing, and consumption, and vital, low-risk economic driver sectors. The bank proactively launched and expanded major programmes aligned with government and SBV directives such as preferential lending packages for social housing development and empowering young home buyers, credit packages for infrastructure and digital technology, strengthening value chains, and promoting sustainable growth in rural areas, high-tech agriculture, and green credit initiatives.

Members within HD Financial Group, including HD SAISON Finance Company and Vikki Digital Bank, reported strong six-month results. Vikki Digital Bank stands out as the only mandatory transferred bank under the government’s restructuring credit institutions project that did not lay off employees. In just five months of operation, Vikki achieved over 1 million app downloads. Separately, HD SAISON's financial transaction points grew to over 27,100, serving 15.5 million customers. Its profit before tax for the first six months reached VND709 billion ($27 million), up 18 per cent on-year.

Vikki Digital Bank, after its comprehensive transformation from DongA Bank into a new-generation multi-function digital bank, rapidly gained market acceptance. Its appealing and youthful brand attracted over 1 million app downloads and more than 600,000 new accounts within just five months of operation.

HD Securities Company also achieved a profit of VND382 billion ($15.6 million) with an ROE of 29 per cent, placing it among the top 10 most profitable companies, with income primarily derived from services.

Digital business excellence, leading in governance standards

Digital business strategies continued to be strongly implemented, yielding positive results, with 75 per cent of new customers acquired through digital channels. The number of transactions on digital platforms increased by 51 per cent, and the proportion of retail customer transactions conducted on digital channels accounted for 94 per cent of total transactions. Digital solution sets for corporate customers were launched and consistently improved, contributing to an increase in customer numbers and business efficiency.

Other major technology projects, such as applying AI and machine learning in monitoring, training, and operational automation, continued to accelerate. HDBank is pioneering the implementation of advanced core banking technology and next-generation integrated banking apps. These transformations not only enhance user experience but also create a foundation for the bank to develop comprehensive, personalised digital financial models and expand its digital ecosystem.

Alongside positive business results, HDBank received many prestigious awards from reputable domestic and international organisations, including Best Domestic Retail Bank, Excellent Foreign Exchange and International Payment Service Bank, and Top 50 Best Listed Companies as selected by Forbes. Most notably, HDBank was one of only five Vietnamese representatives honoured at the prestigious ASEAN Corporate Governance Awards 2025 in Malaysia.

HDBank's performance in the second quarter and the first six months of 2025 has exceeded the expectations of shareholders and investors, demonstrating remarkable progress against the plan set for the entire 2025 fiscal year.

VIR