HDBank’s profit after tax up 24.26% to $306.28m in H1

The bank cited its digital transformation, credit growth, and risk management.

Vietnam’s HDBank’s profit after tax is $306.28m (VND8.03t) in H1 2025, a 24.26% increase compared to a year earlier, its latest financial results showed.

Pre-tax profit is at $383m in H1 2025, a 23.3% increase compared to the same period in 2024, and its highest ever recorded.

The Vietnamese bank attributed this to strong digital transformation, robust credit growth, and prudent risk management.

In Q2, HDBank’s pre-tax profit was $178m (VND4.7t), whilst total operating income is up 30% to $791m (nearly VND20.8t), lifted by a 15.8% rise in net interest income and the tripling of non-interest income (210% rise) from digital banking and forex trading.

Digitalisation reportedly enhanced cost efficiency, with the cost-to-income ratio falling to 25.5%.

Return on equity (ROE) is 26.5% and return on assets (ROA) of 2.2%.

Total assets is $29.8b (VND784t) as of 30 June 2025, up 12.4% year-to-date.

Customer deposits reached $25.2b (VND664t), 7% higher YTD. Outstanding loans grew 18.2% to over $19.6b (VND517t). This is nearly double the sector-wide growth, HDBank said.

Credit was channeled to infrastructure, manufacturing, consumption, and low-risk sectors.

Non-performing loan (NPL) ratio was 1.94%, whilst the capital adequacy ratio (CAR) exceeded 13% under Basel II.

Digital channels contributed 75% of new customer acquisitions in Q2, HDBank said, whilst 94% of individual transactions were made online.