HDBank Aims for Robust Growth in 2024: Projecting $625.5 Million Profit and 30% Dividend Payout
Customers conduct transactions at an HDBank branch in HCM City. Photo courtesy of HDBank. One of the key factors driving growth is the lender’s focus on maintaining profitability ratios such as ROA and ROE. In 2024 the bank remains on track for high growth while continuing to improve its comprehensive environmental, social, and governance (ESG) strategy. The bank is projecting total assets to exceed VND700 trillion (US$27.6 billion) this year, up 16% from 2023. Total deposits are expected to reach VND624 trillion (US$24.6 billion), up 16%. Loans outstanding are projected to exceed VND438 trillion (US$17.28 billion) in line with the credit growth quota allocated by the central bank. This year the bank plans to increase its charter capital by 5% to VND29.1 trillion ($1.15 billion) by issuing shares. In 2023, it managed to ensure a low bad debts ratio of 1.5% and achieve a capital adequacy ratio (CAR) of 12.6%, among the highest in the industry. The annual general meeting al...