HDBank Profit Soars 17% to $562M in 9 Months

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced a 17% year-on-year (YoY) rise in net profit, reaching $562.4 million (VND 14.8 trillion) for the first nine months of 2025.

The bank attributes this strong performance to efficient operations, reporting a return on equity (ROE) of 25.2% and a return on assets (ROA) of 2.1%, underscoring its robust financial foundation.

Non-interest income surged by 178.6% YoY to $204.1 million (VND 5.37 trillion), reflecting the bank’s successful income diversification and ongoing digitalisation strategy. HDBank’s cost-to-income ratio improved to 25.8%, among the lowest in the sector, demonstrating high operational efficiency.

Digital transactions also showed remarkable growth, with usage rising 47%, now representing 94% of the bank’s total retail transactions.

As of 30 September 2025, HDBank’s total assets stood at $29.7 billion (VND 782 trillion), up 12.1% year-to-date (YTD). Credit growth reached 22.6%, focusing on priority sectors and essential business activities. The bank maintained a low non-performing loan (NPL) ratio of 1.97%, and its capital adequacy ratio under Basel II was 15%, among the highest in the industry.

Serving over 20 million customers, HDBank has proposed a total dividend and bonus share distribution of 30% for 2025, including a 25% stock dividend and 5% bonus shares, pending shareholder approval.