Ms. Nguyen Thi Phuong Thao said something surprising about HDBank shares

On April 24, Ho Chi Minh City Development Joint Stock Commercial Bank ( HDBank ) held its 2025 annual general meeting of shareholders in Ho Chi Minh City.

Opening the discussion, Ms. Nguyen Thi Phuong Thao, Permanent Vice Chairwoman of HDBank's Board of Directors, shared: "It seems that our stock price does not reflect the true value of our business results. Therefore, the business plan set for this year is completely well-founded."

Ms. Nguyen Thi Phuong Thao, Permanent Vice Chairwoman of HDBank Board of Directors (Photo: BTC).

She also emphasized that the bank aims not only to expand in scale but also to become an organization of choice thanks to the quality of its operations and humanistic values in its development orientation.

Mr. Kim Byoungho - Chairman of the Board of Directors of HDBank - said that the bank is building an ecosystem to strongly realize the financial group model. According to him, although the market may see this as just a formal step, this initiative demonstrates the pioneering spirit of the bank, increasing customer satisfaction and shareholder value.

He affirmed that the bank is confident that it has enough capacity to successfully implement the banking financial group model. The bank hopes to successfully implement the banking financial group model in the near future.

Sharing about the restructuring plan of Dong A Bank to transform into Vikki Bank, Mr. Pham Quoc Thanh, Acting General Director of HDBank, said that the plan has been built for more than 5 years, even before the bank officially took over.

Immediately after taking over, HDBank implemented a comprehensive restructuring, including financial, capital, human resources and model conversion from a traditional bank under special control to a digital bank. Previously, HDBank also supported Dong A in terms of finance, resources and digitalization, including operations and brand identity...

Acting General Director of HDBank - Mr. Pham Quoc Thanh (Photo: BTC).

HDBank aims to increase total assets by 28%, outstanding loans by 32%, capital mobilization by 28%, and bad debt by less than 2% by the end of 2025. The bank also targets consolidated pre-tax profit at VND21,179 billion, up 27% compared to the result of nearly VND16,730 billion in 2024.

With the 2024 profit, after setting aside funds and adding VND 261,209 billion in remaining undistributed profits from previous years, the bank has nearly VND 10,396 billion that can be used to pay dividends, equivalent to a possible dividend rate of 28%.

At the end of the meeting, all proposals were approved by shareholders.

Source: https://dantri.com.vn/kinh-doanh/ba-nguyen-thi-phuong-thao-noi-dieu-gay-bat-ngo-ve-co-phieu-hdbank-20250424115439871.htm