An HDBank transaction office in HCM City. (Photo courtesy of the bank)The augmentation of working capital will help HDBank serve the needs of thecountry’s economy and optimise its efficiency in line with its new businessstrategies.
With its target customers being small and medium-sized enterprises and foreignfirms, including Taiwanese, HDBank attracted the interest of Mega Bank, one ofthe four biggest banks in Taiwan, which got other banks on board and arrangedthe syndicated loan.
HDBank has all the elements of a leading joint stock commercial bank in Vietnamwith an eco-system of 40 million customers in the finance, aviation, retail,and insurance sectors.
It has 308 banking transaction points and 19,500 consumer finance transactionpoints of HD SAISON, a market leader in terms of transaction network.
These are also factors that help the bank maintain its leading position inVietnam and reassure reputed global financial institutions that it is a reliableinvestment destination.
HDBank's brand value and business capabilities are recognised by internationalinvestors.
Late last year, it signed agreements to issue convertible bonds and enteredinto strategic tie-ups with foreign investors to accomplish a plan tosupplement its tier 2 capital by 160 million USD.
Of them, DEG, a development finance institution owned by German state-owneddevelopment bank KWF, has invested 30 million USD in HDBank.
HDBank has also entered into a number of loan agreements with global financialinstitutions such as JP Morgan Chase, Industrial and Commercial Bank of Chinaand Asian Development Bank.
After over three decades of growth, HDBank is now a leading bank in Vietnam andreaching out to the world.
Despite challenges last year caused by the COVID-19 outbreak, HDBank achievedpositive business results, with pre-tax profit reaching 5.8 trillion VND (253.6million USD), or 102.8 percent of its target, and bad debts well controlled ata mere 0.93 percent.
To pro-actively help millions of customers overcome the effects of thepandemic, the bank set aside 34 trillion VND (1.46 billion USD) to providepreferential credit and roll over loans.
It also took timely measures to ensure the safety and the health of itscustomers who come to transact business at its branches, effectively ensuringdisease prevention and adapting to digital transformation trends.
Even at the peak of the pandemic last year, international credit rating agencyMoody's maintained a B1 rating for HDBank, and appreciated its capitalcapacity, operational efficiency and growth potential.
Along with the sustainable growth of Vietnam, HDBank will continue to activelydevelop, conquering ever higher annual targets.
To diversify its products and services and offer better experiences tocustomers in its eco-system, HDBank has been developing a digital bankingstrategy to use 4.0 technologies in its operations, Happy Digital Bank./.
VNA
