HDBank’s net profit up 17% to $562m in 9M 2025

Non-interest income rose 178.6% year-on-year to $204.1m.

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code HDB) reported consolidated 9M 2025 profit before tax of VND14.8 trillion (US$562.4 million), up 17% YoY.

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) saw its net profit rise 17% year-on-year (YoY) to $562.4m (VND14.8t) in 9M 2025.

Its return on equity (ROE) is at 25.2%, and return on assets (ROA) is at 2.1%, which HDBank said underscores its “efficient operations and a solid financial foundation.”

Non-interest income more than doubled, rising 178.6% YoY to $204.1m (VND5.37t), driven by income diversification and digitalisation. Cost-to-income ratio recorded 25.8%, one of the lowest in the sector, HDBank said.

Transactions via digital channels grew by 47%, accounting for 94% of total retail transactions, it added.

As of 30 September 2025, HDBank’s total assets stood at $29.7b (VND782t), a 12.1% increase year-to-date (YTD).

Credit growth reached 22.6%, focused on priority sectors and essential business activities. The non-performing loan (NPL) ratio was 1.97%, whilst capital adequacy ratio under Basel II reached 15%, amongst the highest in the industry.

HDBank currently serves over 20 million customers.

HDBank said that it will seek shareholder approval for a 30% total dividend and bonus share distribution for 2025, including a 25% stock dividend and 5% bonus shares.