HDBank Hits Record H1 Pre-tax Profit
HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 7 August 2025 - HDBank (HoSE: HDB) has reported a record pre-tax profit of VND10.1 trillion (US$383 million) for the first half of 2025, up 23.3 per cent year-on-year, driven by strong digital transformation, robust credit growth, and prudent risk management.In Q2 alone, the bank posted VND4.7 trillion ($179 million) in pre-tax profit. Total operating income grew 30 per cent to nearly VND20.8 trillion ($791 million), supported by a 15.8 per cent rise in net interest income and a 210 per cent surge in non-interest income, notably from digital banking and forex trading.Digitalisation enhanced cost efficiency, with the cost-to-income ratio falling to 25.5 per cent. HDBank maintained high profitability with a return on equity (ROE) of 26.5 per cent and return on assets (ROA) of 2.2 per cent.As of June 30, total assets stood at VND784 trillion ($29.8 billion), up 12.4 per cent year-to-date. Customer deposits reached VND664 trillion ($25.2 billion), rising 7 per cent, while outstanding loans climbed 18.2 per cent to over VND517 trillion ($19.6 billion), nearly double the sector-wide growth. Credit was channeled to infrastructure, manufacturing, consumption, and low-risk sectors.Its non-performing loan (NPL) ratio was kept low at 1.94 per cent, and the capital adequacy ratio (CAR) exceeded 13 per cent under Basel II.The bank continued to support key government and central bank programmes, including loans for affordable housing, digital infrastructure, high-tech agriculture, and green finance.Subsidiaries under HD Financial Group also recorded strong performances. HD SAISON served 15.5 million customers across 27,100 service points, with a H1 pre-tax profit of VND709 billion ($26.9 million), up 18 per cent. Vikki Digital Bank, formerly Đông Á Bank, surpassed one million app downloads in five months. HD Securities reported VND382 billion ($14.5 million) in profit and an ROE of 29 per cent, ranking among the top 10 most profitable brokerages.Digital channels contributed 75 per cent of new customer acquisitions in Q2, while 94 per cent of individual transactions were made online. The bank continues to expand its digital ecosystem with AI-driven solutions and advanced platforms.HDBank recently received several prestigious awards, including from Forbes Vietnam and the ASEAN Corporate Governance Awards 2025.Hashtag: #HDBank
The issuer is solely responsible for the content of this announcement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Free Malaysia Today
8 hours ago
- Free Malaysia Today
China tells brokers to stop endorsing stablecoins in bid to avoid instability
Stablecoins are commonly used by crypto traders to move funds between tokens. (AFP pic) BEIJING : Chinese regulators have asked local brokers and other bodies to stop research publication and seminars to endorse stablecoins in a bid to check the asset class and avoid instability, Bloomberg News reported today. 'Some brokerages and think tanks received guidance from market regulators in late July and earlier this month, pushing them to cancel seminars and discontinue dissemination of research on stablecoins,' the report said, citing people familiar with the matter. 'Regulators are also concerned that stablecoins could be exploited as a new tool for fraudulent activities in mainland China,' the Bloomberg report said. China Securities Regulatory Commission and the People's Bank of China did not immediately respond to a Reuters request for comment. Reuters could not immediately verify the report. Stablecoins are a type of cryptocurrency designed to maintain a constant value and are usually pegged to a fiat currency such as the US dollar and are commonly used by crypto traders to move funds between tokens. While China's 2021 ban on cryptocurrency remains in effect on the mainland, Hong Kong passed a stablecoin bill earlier this year to boost its status as a global digital asset hub.
Free Malaysia Today
8 hours ago
- Free Malaysia Today
Chinese tech financier released after probe
Bao Fan was a key player in the emergence of some of China's biggest tech giants. (Reuters pic) BEIJING : Chinese tech financier Bao Fan has been released by Chinese authorities after vanishing from public view over two years ago while 'cooperating' with an investigation, a former colleague told AFP today. Bao was a key player in the emergence of some of China's biggest tech giants, supervising blockbuster IPOs and the landmark 2015 merger between ride-hailing giant Didi and its top competitor at the time, Kuaidi Dache. He disappeared in February 2023 as authorities launched a crackdown that saw a number of prominent Chinese financiers placed under investigation. In February last year his investment bank, China Renaissance, said he had stepped down as head. His former colleague, speaking on condition of anonymity, said he remained in contact with Bao's investment bank and could confirm he had been released, as first reported yesterday in financial outlet Caixin. Bao was known for his close ties with the country's top tech bosses, and was seen as a celebrity in venture capital circles. His disappearance – and China Renaissance's subsequent announcement that he was 'cooperating in an investigation being carried out by certain authorities' – sent shockwaves throughout the financial services industry. Chinese authorities never formally announced the scope of the investigation. Beijing has since extended an olive branch to the country's private sector. In February, president Xi Jinping met with prominent business leaders including Alibaba's Jack Ma, Tencent's Pony Ma and Xiaomi's Lei Jun. A few months later, China introduced a law dedicated to promoting the private sector.
Free Malaysia Today
8 hours ago
- Free Malaysia Today
Bursa outperforms regional peers, ends week at intraday high
KUALA LUMPUR : Bursa Malaysia ended the week higher, closing at an intraday high, outperforming regional peers as the formal announcement of the 13th Malaysia Plan (13MP) and renewed developments in US trade tariff policy served as dual tailwinds for market sentiment. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Sedek Jantan said the FTSE Bursa Malaysia KLCI (FBM KLCI) concluded the week on a firmer footing, while regional benchmarks remained subdued amid lingering macroeconomic uncertainty. 'The local index sustained ahead of the midday intermission, but the bullish momentum consolidated post-lunch, underpinned by rising probability-weighted expectations of US monetary policy easing. 'This trajectory was consistent as the confluence of domestic policy catalysts and evolving global trade dynamics supports market sentiment,' he told Bernama. At 5pm, the FBM KLCI rose 7.87 points or 0.51% to close at 1,556.98 from yesterday's close of 1,549.11. The benchmark index had opened 0.11 of-a-point lower at 1,549.00 and hit its lowest level of 1,546.41 during the morning session but gained momentum thereafter. However, the broader market was negative, with decliners beating gainers 541 to 448, while 494 counters were unchanged, 1,030 untraded and nine suspended. Turnover increased to 2.43 billion units worth RM2.22 billion from 2.21 billion units worth RM2.35 billion yesterday. Among the heavyweights, Maybank lost two sen to RM9.61, while Public Bank and Tenaga Nasional gained four sen each to RM4.33 and RM13.80, CIMB rose eight sen to RM6.86, and IHH was one sen higher at RM6.96. Of the most active counters, Ekovest fell one sen to 39.5 sen, Tanco eased 0.5 sen to 76.5 sen, Top Glove dipped two sen to 59.5 sen, and TWL was flat at 2.5 sen, while Pharmaniaga inched up 0.5 sen to 18 sen. Across the broader market, the FBM Emas Index increased 35.25 points to 11,601.79, the FBMT 100 Index rose 39.25 points to 11,379.91, and the FBM Emas Shariah Index advanced 28.02 points to 11,634.18. The FBM ACE Index shaved 24 points to 4,606.88 while the FBM 70 Index dipped 23.44 points to 16,505.53. By sector, the financial services index soared 83.36 points to 17,580.82, the energy index inched up 2.04 points to 736.72, and the plantation index climbed 77.38 points to 7,426.12, while the industrial products and services index eased 0.26 of-a-point to 157.76. The Main Market volume rose to 1.46 billion units valued at RM2.04 billion from 1.33 billion units valued at RM2.15 billion yesterday. Warrants turnover climbed to 715.6 million units worth RM89.04 million from 620.69 million units worth RM97.15 million previously. The ACE Market volume dropped to 250.96 million units worth RM92.31 million from 258.67 million units worth RM99.5 million yesterday. Consumer products and services counters accounted for 272.11 million shares traded on the Main Market; industrial products and services (205.39 million), construction (135.62 million), technology (183 million), SPAC (nil), financial services (87.43 million), property (207.12 million), plantation (15.62 million), REITs (20.36 million), closed-end fund (2,800), energy (72.28 million), healthcare (139.91 million), telecommunications and media (32.58 million), transportation and logistics (37.11 million), utilities (51.7 million), and business trusts (2,300).
