\n<\/p>\n
HO CHI
According to information
The Bank will increase its
The lender will also issue
The HDB share closed on June
In the first quarter HDBank
HDBank’s return on equity
The Bank is considered to
International credit rating
\nMINH CITY, VIETNAM –\u00a0Media OutReach<\/a> – 7 June 2021 –\u00a0The Ho Chi Minh
\nCity Development Joint Stock Commercial Bank<\/a> (HoSE: HDBank) has announced plans
\nto increase its charter capital to more than VND20.273 trillion (US$879.48
\nmillion) by paying dividends for 2020 in shares and an employee stock option
\nplan.<\/p>\n
\n
<\/p>\n
\npublished by the Ho Chi Minh Stock Exchange on June 4, the HDBank board of
\ndirectors approved the plan to hike the charter capital in 2021 as approved at
\nthe bank’s annual general meeting in April. <\/p>\n
\n
<\/p>\n
\ncharter capital by VND3.984 trillion ($172.83 million) by issuing more than 398
\nmillion shares as dividends for 2020 at a rate of 25 per cent from
\nundistributed profits. <\/p>\n
\n
<\/p>\n
\n20 million shares to employees (ESOP). <\/p>\n
\n
<\/p>\n
\n3 at VND35,800 with a lot of foreign buying. <\/p>\n
\n
<\/p>\n
\nreported a pre-tax profit of more than VND 2.1 trillion ($91.1 million), an
\nincrease of 68 per cent year-on-year, with income from services <\/b>up by more than 98 per cent.<\/p>\n
\n
<\/p>\n
\nand return on assets increased strongly to 26.3 per cent and 2.1 per cent, its
\ncapital adequacy ratio (based on Basel II standards) was over 12 per cent while its standalone bad debts ratio was only 1.1 per cent.<\/p>\n
\n
<\/p>\n
\nhave high growth potential, with great potential in bancassurance, consumer
\nfinance, credit cards and services .
\nHDBank is one of the few banks that not to have signed an exclusive
\ndistribution agreement with any life insurance company, and is currently the focus
\nof intense attention of many major players.<\/p>\n
\n
<\/p>\n
\nagency Moody’s Investors Service recently upgraded HDBank’s outlook from
\n“stable” to “positive”. The positive outlook reflects
\nMoody’s view that improvements in asset quality over recent years, which could
\ntranslate into lower credit costs and higher profitability, could raise the Bank’s
\n Baseline Credit Assessments over the next
\n12 – 18 months. <\/p>\n