HDBank keeps raising its performance bar

HO CHI MINH CITY, VIETNAM – Media
OutReach – 28 April 2021 – This is the first year
of a five-year plan for HDBank and a busy one for its whole eco-system as it
plans to undertake many more activities to enable it to reach new heights in
all aspects, Nguyen Thi Phuong Thao, HDBank’s deputy chairwoman, has said.

Speaking at the AGM which was held on April 23,
Thao also said that the Bank also plans some major programmes and projects for
reforming business strategy, HR development, digital transformation, and
enhancing co-operation with partners.

“We will also constantly connect with
strategic partners, large corporate customers, foreign-invested firms, and
small and medium-sized enterprises at home and abroad to expand our business
network in the domestic and international markets.

“New strategic investors will join HDBank to
jointly expand trade finance programmes, develop investment banking and other
advanced financial services.”

HDBank is committed to continuing to bring
shareholders and investors the highest possible value and benefits, and would
maintain its large and regular dividends of past years, she promised.

With its solid foundations, outstanding
performance and transparency meeting the highest international standards, the Bank
is willing to walk hand in hand with shareholders and investors
towards new successes and benefits, she said.

Thao said HDBank has achieved terrific growth
in the 30-odd years since its establishment with total assets, equity and
financial indicators basically growing by around 10 times, and return on equity
ratio always being above 20 per cent.

It is one of the eight largest commercial
banks in Vietnam and among the leading companies in the VN30 basket on the
stock market, she said.

“In 2020 HDBank went through the pandemic
bravely, attesting to the capacity of a large and strong bank with flexible
responses in all circumstances, and achieved its highest profit so far. It can
be safely said that HDBank has never before had such a solid financial
foundation, strength, great position, and resilience as it has today.”

The bank has all the conditions required
to realise new and bigger goals and visions in its new development
strategy during the next five years (2021-2025).

In 2020 the bank paid dividends of up to
65 per cent, raised funds through convertible bonds, fulfilled a plan to add
US$160 million to tier 2 capital, and was ready for M&A for
2021.