{"id":41515,"date":"2024-06-21T07:00:00","date_gmt":"2024-06-21T07:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2024\/06\/21\/hdbank-credit-growth-is-bright-spot-for-banking-2\/"},"modified":"2024-06-21T07:00:00","modified_gmt":"2024-06-21T07:00:00","slug":"hdbank-credit-growth-is-bright-spot-for-banking-2","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2024\/06\/21\/hdbank-credit-growth-is-bright-spot-for-banking-2\/","title":{"rendered":"HDBank: Credit growth is bright spot for banking"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>        HO CHI MINH CITY, VIETNAM &#8211;<br \/>\n<a href=\"https:\/\/www.media-outreach.com\/\" rel=\"sponsored\">Media OutReach Newswire<\/a> &#8211; 21 June 2024 &#8211; As of June 14, credit growth has reached 3.79 per cent compared to the end of last year, according to a report by the State Bank of Viet Nam (SBV).<\/p>\n<p><figure data-width=\"100%\" data-caption=\"HDBank currently tops the banking industry in profitability. - Photo courtesy of HDBank\" data-caption-display=\"block\" style=\"display: block;width: 100%;margin: 0px;padding: 0px;text-align: center\" align=\"center\">\n  <img data-src=\"https:\/\/images.media-outreach.com\/505080\/image-1.jpeg\" alt=\"HDBank currently tops the banking industry in profitability. - Photo courtesy of HDBank\" width=\"100%\" style=\"width: 100%;margin: 0px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\"\/><noscript><img src=\"https:\/\/images.media-outreach.com\/505080\/image-1.jpeg\" alt=\"HDBank currently tops the banking industry in profitability. - Photo courtesy of HDBank\" width=\"100%\" style=\"width: 100%;margin: 0px\"\/><\/noscript><figcaption class=\"\" style=\"text-align: left;font-size: 16px;line-height: 24px;display: block;margin: 0px;width: 100%\">\n<p>\n      <i>HDBank currently tops the banking industry in profitability. &#8211; Photo courtesy of HDBank<\/i>\n    <\/p>\n<\/figcaption><\/figure>\n<p>However, challenges still abound in promoting credit growth.\n<\/p>\n<p>The SBV recently issued a document requiring implementation of solutions to achieve a credit growth rate of 5-6 per cent by the end of the second quarter.\n<\/p>\n<p>Statistics show in the first quarter, seven out of 27 banks recorded negative credit growth, including some large banks.\n<\/p>\n<p>But there are still many banks with a credit growth rate that is much higher than the industry average, such as LPBank, Techcombank, HDBank and MSB.\n<\/p>\n<p>These banks are also showing good profits compared to the industry average.\n<\/p>\n<p>Each bank has different strategies and competitive advantages to exploit market opportunities.\n<\/p>\n<p>LPBank recorded the strongest credit increase of over 12 per cent, while Techcombank grew by more than 7 per cent and HDBank by 6.2 per cent. MSB&#8217;s credit growth increased by more than 5.6 per cent.\n<\/p>\n<p>A HDBank representative stated the bank has implemented early risk management policies to mitigate adverse external impacts and ensure a stable and flexible operational framework.\n<\/p>\n<p>The bank tops the industry in profitability, with a return on equity (ROE) reaching 26.7 per cent.\n<\/p>\n<p>Continuous improvements in operational safety ratios also provide shareholders and investors with peace of mind amid numerous challenges.\n<\/p>\n<p>Meanwhile, promoting digitalisation and optimising processes and operating costs are also key to improving the bank&#8217;s operational efficiency over the past few years.\n<\/p>\n<p>At<br \/>\n<a href=\"https:\/\/hdbank.com.vn\/\" rel=\"sponsored\">HDBank<\/a>, high growth targets and industry-leading ROE come with a strong optimisation of the Cost-to-Income Ratio (CIR), from 39.3 per cent in 2022 to only 31.7 per cent in the first quarter of this year.\n<\/p>\n<p>At other banks such as Techcombank, VPBank or especially at large network-operating banks like VietinBank, the CIR has also shown significant improvements in recent years, approaching around 30 per cent.\n<\/p>\n<p>Strong digitalisation and optimisation of performance and operational efficiency are also necessary factors for sustainable growth goals among Vietnamese banks.\n<\/p>\n<p>According to State Bank representatives, credit growth is expected to increase in the last months of the year.\n<\/p>\n<p><b>Hashtag: <\/b>#HDBank<\/p>\n<p>\n            <em>The issuer is solely responsible for the content of this announcement.<\/em>\n        <\/p>\n<p>        <img loading=\"lazy\" src=\"http:\/\/track.media-outreach.com\/index.php\/WebView\/306917\/4121\" alt=\"\" width=\"1\" height=\"1\" style=\"width:1px;height:1px;\"\/>\n    <\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/vietnam\/2024\/06\/21\/306917\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HO CHI MINH CITY, VIETNAM &#8211; Media OutReach Newswire &#8211; 21 June 2024 &#8211; As of June 14, credit growth has reached 3.79 per cent compared to the end of last year, according to a report by the State Bank of Viet Nam (SBV). HDBank currently tops the banking industry in profitability. &#8211; Photo courtesy &hellip;<\/p>\n","protected":false},"author":1,"featured_media":41516,"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\/41515"}],"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=41515"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/41515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/41516"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=41515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=41515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=41515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}