Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) announced its business results for the first quarter of 2025 with high growth, continuing to be among the most efficient in the banking industry.

This is also the first quarter that HDBank officially launched the model of a modern, multi-functional and sustainable banking and financial group in its development strategy for the 2025-2030 period.

Strong growth, increasingly sustainable profit structure

In the first quarter of 2025, HDBank recorded pre-tax profit of VND 5,355 billion, up 33% over the same period last year. ROE continued to remain high at 29.62%, among the leading groups in the industry. Total consolidated operating income reached VND 9,205 billion, growing sustainably thanks to the positive contribution from core activities and digital business indicators continuing to grow strongly.

As of March 31, 2025, HDBank's total assets reached VND 711,311 billion, up 18% over the same period; customer deposits reached VND 465,321 billion, up 22.8% over the same period, reflecting customer confidence and the bank's position in the market. Outstanding credit reached VND 449,901 billion, up 19.9% ​​over the same period, focusing on priority areas such as agriculture, small and medium enterprises, chain finance, urban markets of type 2 and rural agricultural areas. Capital adequacy ratio (CAR) according to Basel II standards reached over 14.9%, the highest level in the industry.

HDBank continues to promote the shift in income structure towards sustainability, increasing the proportion of income from services, non-credit segments and investment activities. This shows that the strategy of combining modern technology and a sustainable business model is clearly showing effectiveness.

Accelerating Digitalization - Strategic Pillar for the 2025-2030 Period

In the first quarter of 2025, HDBank's digital business activities continued to record strong growth: the number of individual customers increased by 38%, the number of financial transactions via digital platforms increased by 55% over the same period. Accelerating digitalization is also the driving force for HDBank to continue optimizing operations, reducing the CIR ratio to 27.4%, while enhancing the experience and personalizing the customer journey.

HD SAISON Finance Company - a member of HDBank continues to maintain its top position in the market, achieving 306 billion VND in pre-tax profit, an increase of 18.4% over the same period and having the best first quarter in many years.

A notable milestone this quarter, HDBank completed the acquisition and restructuring of DongA Bank, officially transforming into Vikki Digital Bank - a new generation digital bank serving highly digitalized customers.

Vikki Digital Bank is also a strategic member of the modern and multi-functional banking and financial group model - a group operating in core areas of commercial banking, consumer finance, investment banking, insurance, fund management and digital platforms. This model is built to converge technological strength, extensive network and comprehensive financial solutions, serving more than 30 million existing and potential customers.