HDBank Investor Conference: Sustaining High and Stable Growth

On the morning of February 1, 2024, HDBank (HoSE: HDB), a leading commercial bank in Ho Chi Minh City, organized an Investor Conference to provide updates on its business performance in 2023 and share insights on future directions and prospects for 2024.


Rising above the volatility, HDBank belongs to the group of efficient leading banks.

According to the information from the Conference, in 2023, HDBank achieved high comprehensive growth in both scale and quality, exceeding and surpassing the set targets.

Specifically, the consolidated profit for the whole year of 2023 reached VND 13,017 billion, an increase of 26.8% compared to 2022 – belonging to the group of listed banks with the highest profit growth rate. This result confirms the ability to maintain high growth of HDBank in the context of volatility. The effective indicators continue to be high, with the return on assets (ROA) reaching 2% and return on equity (ROE) reaching 24.2%, among the leading group of commercial banks in Vietnam. The individual bad debt ratio is only 1.5% and the consolidated bad debt ratio is 1.79%, remaining at a low level in the industry.

Another notable point is that digitization activities have helped HDBank achieve outstanding growth in the number of new customers and the number of transactions, with an increase of 107% and 88% respectively compared to the same period. In particular, 94% of transactions of individual customers are conducted through digital channels, higher than the figure of 77% in 2022.

Mr. Pham Quoc Thanh – General Director added that, noticing positive signs of economic recovery from the fourth quarter of 2023, sectors such as export, agriculture, consumption, tourism, and real estate have shown signs of optimistic growth. HDBank has implemented many preferential credit packages to timely support the borrowing needs of individuals and businesses.

Regarding the prospects for 2024, at the conference, HDBank provided detailed information on some notable indicators, which are also the growth potentials and strengths in the coming time.

Specifically, by the end of 2023, HDBank’s capital adequacy ratio continued to increase to 12.6%, belonging to the leading group; the loan-to-deposit ratio was at 66.2% (the regulated limit is 85%), creating a large room for credit growth in the future without capital pressure; the short-term lending capital ratio for medium to long-term lending was only 22.5% (the regulated limit is 30%), creating conditions to consider increasing medium to long-term loans in order to increase net interest margin (NIM).

HDBank receives the Board of the Year award from the Vietnam Institute of Directors (VIOD)

With these advantages and proactive conditions, HDBank expects to propose at the upcoming Annual General Meeting the targets for asset growth, revenue, outstanding loans, and profit in 2024 to be above 20%.