News

Retail Banking

Staff Reporter

, Vietnam

Published:

22 days ago

Vietnam’s HDBank eyes 30% dividend in 2024

Total assets are reportedly set to exceed $28b this year.

Vietnam’s HDBank is paying out a dividend of 25% for 2023, 10% in cash and 15% in stocks.

The bank has also set a target of 22% growth in profits to $634.13m (VND15.85t) for 2024, and a dividend payment of up to 30%, HDBank said in a press release.

This would represent a 21.8% increase from 2023 profits.

ALSO READ: HDBank charts best-ever profits of $524m in 2023

The bank is also targeting an ROE of 24.6%, and says that it aims to maintain its non-performing loans ratio “at amongst the lowest levels in the industry.”

Total assets are set to exceed $28b (VND700t) in 2024, 16% higher from end-2023.

Total fundings are also expected to rise 16% to $25b (VND624t).

Also Read

How banks should rethink pricing

HSBC’s profit dips to $12.7b in Q1; special dividend after Canada sale

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Hang Seng Bank floats Q1 dividend of HK$1.2 per share

The payment date is set for 6 June.

4 hours ago

HSBC’s profit dips to $12.7b in Q1; special dividend after Canada sale

A first interim dividend of $0.1 per share has been approved by the board.

Retail Banking

4 hours ago

Indonesian banks tout sound profitability and capitalisation

Only a fraction of restructured loans will become bad loans, Fitch said.

Retail Banking

4 hours ago

Depositors ‘flight to safety’ to benefit China Merchants Bank

Focus on wealth and deposits over loans has boosted its liquidity.

Retail Banking

4 hours ago

Exclusives

How banks should rethink pricing

It’s not just about how much customers pay but also what benefits they get.

Cards & Payments

4 hours ago

Zed challenges banking norms with no interest, forward-looking credit card

The soon-to-be-launched card will underwrite based on present and future income, not just past financial records.

Cards & Payments

Why tokenization and funding are two key issues for financial disruptors in 2024

HSBC's Vincent Lau a lineup of 250 speakers to discuss these at Money 20/20 Asia.

Banking Technology

Techcombank’s Prasenji Chakravarti lays bare their ESG strategy

The bank is transforming its IT infrastructure to better process green data.

Investment Banking

Event News

ABF Wholesale Banking Awards 2023 Winner: CIMB Bank Berhad

Banking Technology

Head of Commercial Banking at CIMB Singapore, Benjamin Tan, shares insights on CIMB Bank Berhad's triumph at the ABF Retail Banking Awards 2023, highlighting their innovative financial solutions and commitment to enhancing customer experiences.