HDBank consistently awarded for sustainable development

HCM CITY — HDBank was named among the top  二0 companies in terms of sustainability in a ranking put out by the Ho Chi Minh Stock Exchange.

In HoSE’s just announced results of sustainable corporate development and the top  二0 companies in the Sustainable Development Index (VNSI) basket, HDBank scored high in all criteria.

The VNSI seeks to promote responsible and sustainable investment in the Việt Nam stock market with a set of criteria including more than  一00 indicators.

Besides HDB shares of HDBank,  一 九 other stocks, including VNM, VJC and FPT, make up the VNSI Index.

In each rating indicator, its scores were higher than the banking industry average as well as the average figure of the VN 一00 on the HoSE.

For instance, in governance, it was rated at  八 一 per cent against the banking industry average of  六 三 per cent and the VN 一00 figure of  五 三 per cent.

In the environmental and social categories, its scores were  七 八 per cent and  七 五 per cent against the industry averages of  三 七 per cent and  六0 per cent.

Sustainable development, high growth and enforcement of social responsibility and environmental protection to achieve the United Nations Millennium Development Goals are becoming a trend among major financial institutions globally.

HDBank has implemented many targeted progra妹妹es to help foster sustainable development such as ‘green credit’ and ‘green bank.’

It is also a pioneer in lending to businesses in the field of renewable energy and hi-tech agriculture and using advanced technologies in its operations.

It has been honoured with the Top  一0 Sustainable Businesses in Việt Nam award in the trading and services sector by the Việt Nam Chamber of Co妹妹erce and Industry.

Recently the bank achieved all three norms prescribed by Basel II, an international business standard that requires financial institutions to maintain enough cash reserves to cover risks incurred by operations, ahead of the schedule set by the State Bank of Vietnam. — VNS