This is also the first quarter that Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) officially launched a modern, multi-functional and sustainable banking and finance group model in its development strategy for the 2025-2030 period.
Strong growth, increasingly sustainable profit structure
In the first quarter of 2025, HDBank recorded pre-tax profit of VND 5,355 billion, up 40% over the same period last year. ROE continues to remain high, reaching 29.62%, among the leading groups in the whole industry. Total consolidated operating income reached VND9,205 billion, sustainable growth thanks to active contributions from core activities and digital business indicators continue to grow strongly.
As of March 31, 2025, HDBank's total assets reached VND 711,311 billion, up 18% over the same period; customer deposits reached VND 465,321 billion, up 22.8% over the same period, reflecting customer confidence and the bank's position in the market. Outstanding credit reached VND 449,901 billion, up 19.9% over the same period, focusing on priority sectors such as agriculture, small and medium enterprises, chain finance, type 2 urban markets and rural agricultural areas. The Capital Safety Coefficient (CAR) according to Basel II standards reached over 14.9%, a high in the whole industry.
HDBank continues to promote the shift of income structure towards sustainability, increasing the proportion of income from services, non-credit segments and investment activities. This shows that the strategy of combining modern technology and sustainable business models is clearly effective.
Accelerating digitalization - Strategic pillar for the period 2025-2030
In the first quarter of 2025, HDBank's digital business activities continued to record strong growth: The number of individual customers increased by 38%, the number of financial transactions via digital platforms increased by 55% over the same period. Accelerating digitalization is also a driving force for HDBank to continue to optimize operations, reducing the CIR ratio to 27.4%, while improving customer experience and personalizing customer journeys.
HD SAISON Finance Company - a member of HDBank continues to maintain its top position in the market, achieving VND306 billion in pre-tax profit, growing by 18.4% over the same period and having the best first quarter of the year in many years.
A notable milestone this quarter, HDBank completed the acquisition and restructuring of DongA Bank, officially converting to Vikki Digital Bank - a new generation digital bank serving a group of highly digital customers.
Vikki Digital Bank is also a strategic member of the model of a multi-functional and modern banking and finance group - a group operating in the core areas of commercial banking, consumer finance, investment banking, insurance, fund management and digital platforms. This model is built to gather technological power, a wide network and comprehensive financial solutions, serving more than 30 million existing and potential customers.
With positive growth results and sustainable development strategies, HDBank continues to be recognized and highly appreciated by prestigious organizations. The Asian Banker has just evaluated HDBank as The Best Financial Services Provider for SME in Vietnam; while the November 25 Commercial Star Award recognizes HDBanks technological advances with pioneering digital solutions such as eCASH Cash collections and Smart medical kiosks - innovative digital solutions associated with customer experience and community value.
