![In the Frirst 9 Months of the Year, HDBank Continued to Increase Asset Quality and Complete the Dividend Payment at the Rate of 25%](https://s-aicmscdn.nhipsongkinhdoanh.vn/thumb/w_1000/nskd-media/23/11/14/2-1-470.jpg)
Non-interest income from loans has increased rapidly
Accompanying the economy, HDBank has continuously deployed credit packages worth tens of trillions of dong for people and enterprises with preferential interest rates and streamlined processes. The bank reduces lending interest rates for existing customers who meet the conditions. In addition, the segments of foreign currency trading, investment, government bond trading, etc. are promoted to help diversify income.
According to the recently released financial statements, in the third quarter, total consolidated operating income exceeded VND 6,085 billion, up 12.8% over the same period. Profit after tax reached VND 3,147 billion, up 16% over the same period last year. Accumulated for 9 months, total income exceeded VND 18,156 billion, up 12.8% over the same period, of which net interest income increased 12.5%, and non-interest income increased 14.1% over the same period. Profit after tax reached VND 8,632 billion, up 7.7% over the same period. ROE reached 22.4%, ROA reached 2%, a high level in the industry.
Deposit mobilization increased by 51.5%, liquidity increased, and credit increased by 13%
By September 30, 2023, HDBank's total assets reached VND 508,263 billion, up 22.1% compared to the beginning of the year; total capital mobilization reached VND 448,225 billion, up 22.4% compared to the beginning of the year, of which mobilization from customers reached VND 341,713 billion, up 51.5%, which is a testament to customer trust and HDBank's reputation.
After three quarters, the total consolidated outstanding debt reached VND 299,081 billion, an increase of over 11.5% compared to the beginning of the year. The parent bank's outstanding debt exceeded VND 284,040 billion, an increase of over 13%, higher than the general growth rate of the entire industry (according to data from the SBV, industry-wide credit as of September 29 increased by about 6.9% compared to the beginning of the year). HDBank focuses on fields that are the growth drivers of the economy such as rural agricultural loans, chain financing, export enterprises, fast-moving consumer goods, small and medium-sized enterprises, business households, small traders, and renewable energy.
Capital adequacy ratio is 12.3%, bad debt ratio is low, and Basel III is completed
The individual bad debt ratio as of September 30, 2023 was only 1.96% (1.51% before CIC classification). In addition, HDBank is one of the pioneering banks to complete the application of Basel III in the third quarter, while maintaining a CAR of 12.3%, higher than the minimum level of 8% according to regulations and in the high group in the industry.
Other indicators such as the outstanding debt/mobilization ratio reached 67.4%, the ratio of short-term capital for medium-long-term loans was only 15.6%, low compared to the maximum threshold of 30% according to regulations, creating space for medium- and long-term debt growth. The cost to total operating income ratio (CIR) decreased from more than 39% at the end of last year to 35.8% thanks to increased labor productivity and optimized operating costs through automation of operating processes.
Complete 25% dividend payment in cash and stocks
With a sustainable development strategy that harmonizes the interests of the Bank, customers, shareholders and investors, HDBank completes cash dividend payment at a rate of 10% and stock dividend payment at a rate of 15% in the first 9 months of the year, in accordance with the resolution passed by shareholders and the tradition of paying regular dividends each year.
At the same time, HDBank implemented pioneering initiatives such as building websites for 63 provinces and cities, supporting farmers in accessing e-commerce, etc. which were well received by the community. Digital banking programs recorded positive results. The number of customers who have transactions on digital platforms increased by 85% over the same period. The number of transactions via digital channels increased by 87% over the same period. The transaction rate of individual customers on digital channels increased from 69% in the same period last year to 90%.
HDBank was honored with awards from prestigious domestic and international financial institutions such as: Digital innovation at Asean Business Awards 2023, "World's Best Bank 2023" award in the Asia-Pacific region honored by Global Finance Magazine; "Leading Partner Bank in Vietnam" 2023 awarded by the Asian Development Bank (ADB).