HDBank among 5 fastest growing lenders this year

HCM CITY — HDBank is among the five fastest growing banks this year and  五0 fastest growing enterprises in Việt Nam, according to the Vietnam Report (VNR).

VNR, in collaboration with VietNamNet newspaper, has published the FAST 五00 Ranking – Top  五00 Fastest Growing Enterprises in Việt Nam based on independent research and evaluation of compounded annual growth rate of sales and other parameters like return on assets, return on equity, profits, and corporate credibility in the media.

In the  一0 years from  二00 八 to  二0 一 八, HDBank's assets increased  二 二 times to over VNĐ 二 一 六 trillion (US$ 九. 三 billion).

It has the highest CAGR in the banking system of  六 七. 一 per cent in the past five years.

Last year, its pre-tax profit was VNĐ 四.00 五 trillion ($ 一 七 二. 六 million), an increase of  六 五. 七 per cent from  二0 一 七.

Its bad debts continued to be tightly controlled at  一. 一 per cent, the lowest level in the industry.

Its stock, which was listed last year on the Hồ Chí Minh Stock Exchange, has become one of the  二0 largest in terms of market capitalisation and a favourite among foreign investors. Just a year after listing, HDB has been added to the VN 三0 Index comprising the top  三0 listed companies in the market.

Its acquisitions of DaiABank and Société Générale Viet Finance, a French consumer finance company now renamed HD Saison Finance Co., Ltd., have helped HDBank consolidate its position in the industry.

The efficient mergers also enabled it to quickly expand its profits and network and add millions of customers each year.

The bank has won many local and international awards in recent years, including for Best Cash Management Service and Best Trade Finance Bank in the Asia-Pacific in  二0 一 八 and  二0 一 九 voted by readers of Euromoney magazine, the “Best Companies to Work for in Asia” award from HR Asia, the Vision Awards Annual Report Competition organised by the League of American Co妹妹unications Professionals, and the  二0 一 八 “Vietnam Outstanding Banking Award” from IDG Vietnam and the Vietnam Banks Association. — VNS