{"id":40392,"date":"2024-04-30T01:00:00","date_gmt":"2024-04-30T01:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2024\/04\/30\/hdbank-targets-high-growth-in-2024-625-5m-profits-30-dividend-2\/"},"modified":"2024-04-30T07:29:17","modified_gmt":"2024-04-30T07:29:17","slug":"hdbank-targets-high-growth-in-2024-625-5m-profits-30-dividend-2","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2024\/04\/30\/hdbank-targets-high-growth-in-2024-625-5m-profits-30-dividend-2\/","title":{"rendered":"HDBank targets high growth in 2024: $625.5m profits, 30% dividend"},"content":{"rendered":"<p style=\"text-align: justify;\">\n<div lang=\"en\" style=\"text-align: justify;\">\n<p>HCM CITY, VIETNAM &#8211;<br \/>\n<a href=\"https:\/\/www.media-outreach.com\" rel=\"sponsored\">Media OutReach Newswire<\/a> &#8211; 30 April 2024 &#8211; The H\u1ed3 Ch\u00ed Minh City Development Joint Stock Commercial Bank (<a href=\"https:\/\/hdbank.com.vn\/%20\" rel=\"sponsored\">HDBank, stock code: HDB<\/a>) has announced an ambitious pre-tax profit target of VND15.85 trillion (US$625.5 million) for 2024, a 22% increase from the previous year, at its annual general meeting on Friday, April 26.<\/p>\n<figure style=\"display: block; width: 100%; margin: 0px; padding: 0px; text-align: center;\" data-width=\"100%\" data-caption=\"HDBank targets high growth in 2024: $625.5m profits, 30% dividend\" data-caption-display=\"none\"><noscript><img src=\"https:\/\/images.media-outreach.com\/486719\/image-1.jpeg\" alt=\"HDBank targets high growth in 2024: $625.5m profits, 30% dividend\" width=\"100%\" style=\"width: 100%;margin: 0px\"\/><\/noscript><img loading=\"lazy\" class=\"size-medium wp-image-40393 alignleft\" src=\"https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2024\/04\/1714439059_image_1-300x157.jpeg\" alt=\"\" width=\"300\" height=\"157\" srcset=\"https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2024\/04\/1714439059_image_1-300x157.jpeg 300w, https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2024\/04\/1714439059_image_1-768x401.jpeg 768w, https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2024\/04\/1714439059_image_1.jpeg 800w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure>\n<p>Customers conduct transactions at an HDBank branch in HCM City. Photo courtesy of HDBank.<\/p>\n<p>One of the key factors driving growth is the lender&#8217;s focus on maintaining profitability ratios such as ROA and ROE.<\/p>\n<p>In 2024 the bank remains on track for high growth while continuing improving its comprehensive environmental, social and governance (ESG) strategy.<\/p>\n<p>The bank is projecting total assets to exceed VND700 trillion (US$27.6 billion) this year, up 16% from 2023.<\/p>\n<p>Total deposits are expected to reach VND624 trillion (US$24.6 billion), up 16%.<\/p>\n<p>Loans outstanding are projected to exceed VND438 trillion (US$17.28 billion) in line with the credit growth quota allocated by the central bank.<\/p>\n<p>This year the bank plans to increase its charter capital by 5% to VND29.1 trillion ($1.15 billion) by issuing shares.<\/p>\n<p>In 2023, it has managed to ensure a low bad debts ratio of 1.5% and achieve a capital adequacy ratio (CAR) of 12.6%, among the highest in the industry.<\/p>\n<p>The annual general meeting also agreed to increase the dividend payment rate in 2023 to 30% from 25% with a maximum of 10% in cash, based on the business results it achieved.<\/p>\n<p>In 2023, profit before tax topped VND13 trillion (US$613 million), up 26.8 % from 2022. HDBank achieved an ROA of 2% and an ROE of 24.2%, placing it among the top banks in the industry.<\/p>\n<p>In the first quarter of 2024, HDBank continued to achieve significant pre-tax profits, which topped VND4 trillion (US$157.8 million), a 43.6% jump year-on-year. Its ROE was 26.2%, credit growth was 6.2% and bad debts were controlled at 1.68% in the first quarter. Its CAR based on Basel II standards exceeded 13.7% in the period.<\/p>\n<p><a href=\"https:\/\/hdbank.com.vn\/%20\" rel=\"sponsored\"> HDBank<\/a> has consistently delivered for its shareholders, and this year is no exception as it plans to pay a dividend of 30%, with a maximum of 15% in cash and the rest in stocks.<\/p>\n<p><b>Hashtag: <\/b>#HDBank<\/p>\n<p><em>The issuer is solely responsible for the content of this announcement.<\/em><\/p>\n<p><img loading=\"lazy\" style=\"width: 1px; height: 1px;\" src=\"http:\/\/track.media-outreach.com\/index.php\/WebView\/295367\/4121\" alt=\"\" width=\"1\" height=\"1\" \/><\/p>\n<\/div>\n<p style=\"text-align: justify;\">\n\n<p><a href=\"https:\/\/www.media-outreach.com\/news\/vietnam\/2024\/04\/30\/295367\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HCM CITY, VIETNAM &#8211; Media OutReach Newswire &#8211; 30 April 2024 &#8211; The H\u1ed3 Ch\u00ed Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) has announced an ambitious pre-tax profit target of VND15.85 trillion (US$625.5 million) for 2024, a 22% increase from the previous year, at its annual general meeting on Friday, April &hellip;<\/p>\n","protected":false},"author":1,"featured_media":40393,"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\/40392"}],"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=40392"}],"version-history":[{"count":1,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/40392\/revisions"}],"predecessor-version":[{"id":40427,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/40392\/revisions\/40427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/40393"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=40392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=40392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=40392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}