HDBank (HoSE: HDB) announced a robust financial performance for the first half of 2026, with pre-tax profit surging 31% year-on-year to VND13.2 trillion (US$505 million). The bank’s total assets reached VND1.04 quadrillion (US$39.6 billion) as of June 30, a 12.3% increase from the beginning of the year, placing HDBank among a select group of Vietnamese banks with assets exceeding VND1 quadrillion (US$38 billion).
The bank’s profitability metrics were industry-leading, with a return on equity (ROE) of 25.4% and a return on assets (ROA) of 2.17%. Total operating income grew 8.8% to VND22.68 trillion (US$862.8 million), driven by a 23.1% increase in non-interest income. Digital transformation initiatives have been central to this success, reducing the cost-to-income ratio to 24.9% and enabling more than 94% of retail transactions to be conducted digitally.
Outstanding loans expanded by 18.8% to VND698.36 trillion (US$266 billion), with lending concentrated in manufacturing, SMEs, agriculture, infrastructure, supply chains, and consumer finance. Total funding rose 12.1% to VND932.44 trillion (US$35.5 billion), while customer deposits increased by over 20%.
HDBank’s growth is underpinned by an integrated ecosystem that spans banking, digital finance, securities, insurance, fund management, and consumer finance, alongside aviation, real estate, infrastructure, technology, and education. Serving over 34 million direct customers and reaching an additional 20 million through partners, this network facilitates strong customer acquisition and cross-selling opportunities.
Among its subsidiaries, HD SAISON contributed a pre-tax profit of more than VND804 billion (US$30.6 million), while HD Securities reported VND1.47 trillion (US$55.9 million), a 286% year-on-year increase, ranking it among Vietnam’s ten most profitable securities firms. Vikki Digital Bank expanded its user base to over 3.5 million.
The bank’s financial health remains robust, with a Basel II capital adequacy ratio above 14% and a loan-to-deposit ratio of 72%. Basel III liquidity ratios, including the liquidity coverage ratio and net stable funding ratio, stayed above 100%.
In the second quarter, Moody’s Ratings upgraded HDBank’s outlook to positive, and Fitch Ratings assigned the bank first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings of ‘BB-‘, placing it among the highest-rated commercial banks in Vietnam. Additionally, HDBank secured a US$721 million international syndicated social loan, the largest such loan ever raised by a Vietnamese organization.
With strong momentum across its core businesses, HDBank is well positioned to achieve and surpass its 2026 pre-tax profit target of over VND30.1 trillion (US$1.1 billion), which would represent a 41% increase from 2025.
