HDBank reports 6.2% credit growth in H1

The bank’s return on equity (ROE) reached 26.7%.

Vietnam’s HDBank topped the banking industry in terms of profitability and has a “higher than industry average” credit growth, the bank said in a press release.

The bank’s return on equity (ROE) reached 26.7%. In 2023, HDBank said that it charted its best-ever performance, with a profit of $524m.

An HDBank representative said that it has implemented early risk management policies to mitigate adverse external impacts and ensure a stable and flexible operational framework.

HDBank also highlighted its “higher than industry average” credit growth at 6.2%, according to data from the State Bank of Vietnam.

As of June 14, credit growth in Vietnam has reached 3.79% compared to the end of last year, the SBV said. In Q1, seven out of 27 banks recorded negative credit growth.

Bucking the trend– with a credit growth rate higher than the industry average– include HDBank, LPBank, Techcombank, and the MSB. 

SBV representatives expect credit growth to increase in the last months of the year.