HDBank Reports 31% Profit Surge in First Half, Crossing VND1 Quadrillion in Assets

HDBank, a major Vietnamese commercial bank, has announced robust financial results for the first half of 2026, with pre-tax profit surging 31% year-on-year to VND13.2 trillion (US$505 million). The bank's total assets increased by 12.3% from the beginning of the year to VND1.04 quadrillion (US$39.6 billion) as of June 30, placing it among the few Vietnamese banks with assets exceeding VND1 quadrillion. This milestone underscores the bank's significant economic footprint in Vietnam's rapidly growing financial sector.

The bank reported industry-leading profitability metrics, with a return on equity (ROE) of 25.4% and a return on assets (ROA) of 2.17%. Total operating income rose 8.8% year-on-year to VND22.68 trillion, driven by a 23.1% increase in non-interest income. A key factor in this growth is HDBank's digital transformation, which has reduced its cost-to-income ratio to 24.9%. More than 94% of retail transactions are now conducted digitally, reflecting the bank's commitment to technological innovation and efficiency.

Loans to customers grew 18.8% to VND698.36 trillion, with a focus on manufacturing, small and medium-sized enterprises (SMEs), agriculture, infrastructure, supply chains, and consumer finance. Total funding reached VND932.44 trillion, up 12.1%, while customer deposits increased by over 20%. This lending growth is vital for supporting businesses across key sectors, contributing to job creation and economic development in Vietnam.

HDBank's growth is driven by an integrated ecosystem that spans banking, digital finance, securities, insurance, fund management, and consumer finance, alongside aviation, real estate, infrastructure, technology, and education. Serving over 34 million direct customers and reaching another 20 million through partners, this network supports strong customer acquisition and cross-selling. Among its subsidiaries, HD SAISON posted pre-tax profit of more than VND804 billion, while HD Securities reported VND1.47 trillion, a 286% year-on-year increase, placing it among Vietnam's 10 most profitable securities firms. Vikki Digital Bank expanded its user base to more than 3.5 million, showcasing the bank's successful digital expansion.

Maintaining strong financial health, HDBank reported a Basel II capital adequacy ratio above 14% and a loan-to-deposit ratio of 72%. Basel III liquidity ratios, including the liquidity coverage ratio and net stable funding ratio, remained above 100%. This financial stability has not gone unnoticed: In Q2, Moody's Ratings upgraded HDBank's outlook to positive, and Fitch Ratings assigned the bank first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings of 'BB-', placing it among the highest-rated commercial banks in Vietnam.

HDBank has also secured a US$721 million international syndicated social loan, the largest such loan ever raised by a Vietnamese organization. This loan, aimed at funding social projects, highlights HDBank's role in promoting sustainable development and its ability to attract international capital. With strong momentum across its core businesses, HDBank is well positioned to achieve and surpass its 2026 pre-tax profit target of over VND30.1 trillion (US$1.1 billion), up 41% from 2025.