According to information from Ho Chi Minh City Stock Exchange, Mr. Pham Quoc Thanh - General Director of Ho Chi Minh City Development Joint Stock Commercial Bank has registered to buy 1 million HDB shares.
The purpose of the transaction is for investment and will be carried out according to the method of order matching and agreement. Previously, in March 2022, Mr. Thanh completed buying 1 million HDB shares and in November he continued buying 659,700 more shares, bringing the total number of shares owned to more than 1.9 million.
Mr. Pham Quoc Thanh has been appointed as the General Director of HDBank since March 2020, and over the past 2 years, he has led HDBank to respond flexibly and effectively to the pandemic and market fluctuations to achieve high growth with well guaranteed asset quality and safety criteria compared to the industry.
In the first 9 months of the year, HDBank recorded positive business results. Pre-tax profit exceeded VND 8,016 billion, the highest ever and completed 82% of the whole year plan in 2022. HDBank's bad debt ratio was only 1.1%, of which the bad debt ratio for various fields potentially high risk such as real estate business is controlled at 0.03% only. In the context of market volatility, HDBank's B1 credit rating has been maintained, its liquidity is abundant, capital adequacy is among the leading banks and is being deployed to Basel III.
In the market, HDB shares of HDBank are continuously bought by professional foreign investors and the foreign room is currently closed.
