Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) reported a 17% year-on-year (YoY) increase in its net profit, reaching $562.4 million (VND 14.8 trillion) for the first nine months of 2025.
The bank’s strong financial performance was driven by efficient operations, with a return on equity (ROE) of 25.2% and return on assets (ROA) of 2.1%. These figures highlight the bank’s solid financial foundation, HDBank stated in its report.
Non-interest income saw a dramatic rise of 178.6% YoY, reaching $204.1 million (VND 5.37 trillion). This surge was attributed to income diversification efforts and the bank’s ongoing digitalisation strategy. The bank’s cost-to-income ratio improved to 25.8%, one of the lowest in the sector, reflecting its operational efficiency.
HDBank also reported strong growth in digital transactions, with a 47% increase in digital channel usage, accounting for 94% of its total retail transactions.
As of 30 September 2025, the bank’s total assets had risen by 12.1% year-to-date (YTD), amounting to $29.7 billion (VND 782 trillion). Credit growth reached 22.6%, with a focus on priority sectors and essential business activities. Meanwhile, the bank’s non-performing loan (NPL) ratio stood at 1.97%, and its capital adequacy ratio under Basel II was 15%, one of the highest in the industry.
Currently serving over 20 million customers, HDBank has proposed a 30% total dividend and bonus share distribution for 2025, which includes a 25% stock dividend and 5% bonus shares, subject to shareholder approval.
HDBank’s robust performance is underpinned by impressive returns, with a return on equity (ROE) of 25.2% and a return on assets (ROA) of 2.1%. These indicators highlight the bank’s solid financial foundation and its ability to generate significant value for shareholders. Analysts note that such metrics place HDBank among the most efficient banks in Vietnam in terms of capital utilization and profitability.
Non-interest income rose sharply by 178.6% year-on-year, reaching $204.1 million (VND 5.37 trillion). The bank attributes this surge to diversification initiatives, including fee-based services, trading gains, and an aggressive digitalisation strategy that encourages customers to use online and mobile platforms. The cost-to-income ratio improved to 25.8%, among the lowest in the sector, reflecting operational efficiency and careful expense management.
HDBank also reported significant growth in digital banking usage, with digital transactions increasing 47% year-on-year. Notably, digital channels now account for 94% of all retail transactions, emphasizing the bank’s success in integrating technology to enhance customer convenience and reduce operational costs. This digital pivot is consistent with HDBank’s long-term strategy of building a tech-driven banking model.
The bank’s balance sheet remains strong. Total assets as of 30 September 2025 rose 12.1% year-to-date, totaling $29.7 billion (VND 782 trillion). Credit growth was robust at 22.6%, with lending focused on priority sectors and essential business activities, demonstrating disciplined and strategic credit expansion. The bank maintained a low non-performing loan (NPL) ratio of 1.97% and a capital adequacy ratio under Basel II of 15%, one of the highest levels in the Vietnamese banking sector.