{"id":14240,"date":"2021-04-26T05:00:00","date_gmt":"2021-04-26T05:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/04\/26\/hdbank-agm-accelerate-digital-transformation-target-high-growth-have-responsibility-towards-customers-economy\/"},"modified":"2021-04-26T05:00:00","modified_gmt":"2021-04-26T05:00:00","slug":"hdbank-agm-accelerate-digital-transformation-target-high-growth-have-responsibility-towards-customers-economy","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/04\/26\/hdbank-agm-accelerate-digital-transformation-target-high-growth-have-responsibility-towards-customers-economy\/","title":{"rendered":"HDBank AGM: Accelerate digital transformation, target high growth, have responsibility towards customers, economy"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n                            <!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<p>HO CHI MINH CITY, VIETNAM &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\">Media OutReach<\/a> &#8211; 26 April 2021 &#8211; Shareholders of the <a href=\"https:\/\/www.hdbank.com.vn\/\">Ho Chi Minh City Development Joint Stock&#13;<br \/>\nCommercial Bank<\/a> (HoSE: HDB) approved all the statements and proposals by&#13;<br \/>\nthe board of directors at its annual general meeting of shareholders on April&#13;<br \/>\n23.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>HDBank achieved its best&#13;<br \/>\nresults ever in 2020.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Total consolidated assets&#13;<br \/>\nincreased by 39.1 per cent to VND319.127 trillion (US$13.8 billion).<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Deposits and loans&#13;<br \/>\noutstanding at the end of the year reached VND 208.953 trillion ($9.04 billion)&#13;<br \/>\nand VND 188.228 trillion ($8.14 billion), up 38.4 per cent and 23 per cent for&#13;<br \/>\nthe year.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Return on equity and return&#13;<br \/>\non assets were 20.6 per cent and 1.7 per cent.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The bank also increased the&#13;<br \/>\ncharter capital from VN\u01109.810 trillion to over VN\u011016.088 trillion by issuing&#13;<br \/>\ndividends and bonus shares to the tune of 65 per cent, the highest rate in the&#13;<br \/>\nindustry.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Pre-tax profit was VND 5.818&#13;<br \/>\ntrillion, up 15.9 percent and equivalent to 102.8 percent of the target.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The bank&#8217;s non-performing&#13;<br \/>\nloans ratio was just 0.93 per cent, among the lowest in the industry.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>HDBank was one of the first&#13;<br \/>\nlenders in Vietnam to complete all three Basel II risk management pillars ahead&#13;<br \/>\nof the central bank&#8217;s schedule.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Credit rating agency Moody&#8217;s&#13;<br \/>\nrecently confirmed HDBank&#8217;s B1, or &#8220;stable&#8221; ratings outlook.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The year also witnessed&#13;<br \/>\nstrong digital transformation by the lender, which has created a solid&#13;<br \/>\nfoundation for achieving its goal of becoming Vietnam&#8217;s leading digital bank.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The AGM also approved the&#13;<br \/>\nbusiness plan for 2021 with the key targets being total assets rising to&#13;<br \/>\nVN\u0110399.320 trillion, an increase of 25 per cent from last year, and deposits&#13;<br \/>\nand loans outstanding growing by 25 per cent and 26 per cent to VN\u0110359.851&#13;<br \/>\ntrillion and VN\u0110236.768 trillion.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The pre-tax profit target is&#13;<br \/>\nVND7.281 trillion, a 25 per cent increase.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Profitability ratios like&#13;<br \/>\nreturn on assets and return on equity will continue to be high at 1.62 per cent&#13;<br \/>\nand 21.1 per cent.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>This year the bank will&#13;<br \/>\ncontinue to speed up digital transformation, automate key processes to improve&#13;<br \/>\nthe customer experience, reduce operating costs, and improve its&#13;<br \/>\ncompetitiveness.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>HDBank will prioritise&#13;<br \/>\ndevelopment of the services segment, where it still has a lot of room to grow&#13;<br \/>\nbancassurance and many international life insurance companies are keen to sign&#13;<br \/>\nexclusive agreements with it.<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-04-26\/75502\/hdbank-agm-accelerate-digital-transformation-target-high-growth-have-responsibility-towards-customers-economy\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HO CHI MINH CITY, VIETNAM &#8211;\u00a0Media OutReach &#8211; 26 April 2021 &#8211; Shareholders of the Ho Chi Minh City Development Joint Stock&#13; Commercial Bank (HoSE: HDB) approved all the statements and proposals by&#13; the board of directors at its annual general meeting of shareholders on April&#13; 23. &#13; &#13; HDBank achieved its best&#13; results ever &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14240"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=14240"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14240\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=14240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=14240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=14240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}