2024 - The year of efficiency and risk control
At the Annual General Meeting of Shareholders on April 24, 2025, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - stock code: HDB) approved the business plan for 2025, with the expected pre-tax profit target of up to VND 21,179 billion - an increase of 27% compared to 2024.
This is a strong increase in the context of credit institutions facing interest rate pressure, bad debt risks and fluctuations in monetary policy.
General Director Pham Quoc Thanh said: We identify 2025 as the year of strengthening internal resources, sustainable growth and comprehensive development, with 5 key action goals.
These goals include increasing asset scale, expanding customers in the ecosystem, innovating products, controlling operations - risks and strengthening brands.
According to the report, in 2024, HDBank achieved a pre-tax profit of VND16,730 billion, up 28.5% over the previous year and exceeding the plan by 105.5%. ROE reached 25.71%, ROA reached 2.04% - the highest group in the system.
Total assets reached VND697,366 billion (+15.8%), outstanding credit reached VND437,731 billion (+23.9%) and capital mobilization reached VND621.119 billion (+16%). The bad debt ratio is controlled at 1.48%, lower than the industry average.
The bank also said that more than 94% of individual customer transactions have been conducted via digital platforms. Revenue from digital banking services, insurance, cards and integrated products increased sharply in the past year, contributing positively to the income structure.
Diversion policy balances shareholder benefits and capital safety
Regarding the dividend policy, HDBank reported that the distributable profit source is VND 10,396 billion, equivalent to an expected dividend ratio of 28%. However, the board of directors said that it will ask for shareholders' opinions at an appropriate time to ensure harmony between sharing profits and retaining resources for long-term development investment.
Permanent Vice Chairwoman of the Board of Directors Nguyen Thi Phuong Thao emphasized: We are committed to optimizing capital efficiency, maintaining stable dividends, and selectively investing in digitalization, green finance and long-term value chains.
Ms. Thao also shared: If shareholders put 1 VND in HDBank at the IPO time, by the end of 2024, this amount would have increased to 4.4 times. That is a reward and also a responsibility.
Organize growth selectively, control credit, improve governance standards
Facing increasing market risks - from geopolitics to long-term interest rate trends - HDBank focuses on controlling credit quality. According to the plan submitted to shareholders, the total outstanding debt in 2025 is expected to increase by 32%, but still guaranteed within the limit approved by the State Bank and below the bad debt ratio of 2%.
The bank said it will continue to apply Basel III governance standards, upgrade the credit risk assessment system, expand the portfolio of small and medium-sized enterprise customers but come with clear and transparent credit conditions.
The Executive Board also mentioned the plan to issue bonds, attract medium and long-term capital to ensure stable liquidity, serving safe credit growth.
