HDBank Announces Record Profits and Progress in ESG Efforts for 2023

HDBank, officially known as the Ho Chi Minh City Development Joint Stock Commercial Bank, has disclosed its audited financial statements for the year 2023, revealing unprecedented profit figures. The disclosed pre-tax profit has crossed VND13 trillion (approximately $524 million), marking a significant growth of 26.8%. This achievement highlights HDBank's continuous and stable expansion in the financial sector.

Over the last decade, HDBank has maintained a compounded annual growth rate of 49.1%, solidifying its position in the banking industry. Key performance indicators such as the Return on Assets (ROA) at 2% and Return on Equity (ROE) at 24.2% underscore HDBank’s efficiency and profitability, keeping it ahead in the banking sector. The bank has also reported a Capital Adequacy Ratio (CAR) of 12.6% and a non-performing loan ratio of just 1.5%, underlining its financial health and operational stability.

In its commitment to sustainable growth, HDBank adopted Basel III international governance standards and launched an Environmental, Social, and Governance (ESG) strategy in 2023. Leading the way in Vietnam, HDBank has announced the release of its ESG report in 2024, aiming to contribute to Vietnam's goal of achieving net-zero greenhouse gas emissions. Alongside business achievements, HDBank's contributions to social responsibility and the recognition gained through numerous prestigious awards, such as the ASEAN Business Awards 2023, have been highlighted.