HDBank CEO: The bank is accelerating the restructuring of DongABank

According to Mr. Pham Quoc Thanh, before HDBank officially took over DongABank (now renamed Vikki Digital Bank) at the end of last year, the Bank had time to continue working with DongA Bank before that. HDBank did not just take over, but this plan had been with DongA Bank for more than 5 years. Therefore, Mr. Thanh said, the restructuring plan had been built for quite a long time, with continuous adjustments and updates since before receiving DongA and is currently continuing at Vikki Bank.

At the same time, before receiving, HDBank supported finance, resources and transformation into a digital bank, including brand identity and operations. Since the official date of receiving DongABank's transfer, HDBank has implemented a comprehensive restructuring of finance, capital, human resources and the transformation from a traditional bank under special control to Vikki digital bank.

HDBank CEO: Bank accelerates restructuring of DongA Bank after receiving transfer

Regarding Vikki Bank's strategy, HDBank's General Director also said that it will mainly conduct business on a digital platform with retail and SME customers, integrating with the resources of HD Banking and Finance Group, with two pillar banks, HDBank and Vikki Bank. With the combined efforts of HD Banking and Finance Group, Vikki Bank's restructuring will soon be implemented and successful.

Responding to the question of how the US tariff policy affects exchange rates, exports, consumption and will affect domestic credit when HDB's core strategy is to focus on SMEs, whether the Bank has to change its strategy, Mr. Pham Quoc Thanh said that the new tariff policy has caused turmoil in the world market and Vietnam.

However, according to Mr. Thanh, this policy has recently cooled down and Vietnam has also initiated the negotiation process and we can completely trust that the negotiation results will be favorable. HDBank has followed a balanced risk management policy, diversifying its funding portfolio. When there was tariff information, it reviewed the list of customers affected. The review results also showed that the direct impact was not large, the outstanding loan portfolio of direct import-export customers in the US market was less than 1.5% of HDBank's outstanding loan.

"After reviewing, the Board of Directors has built a better overall risk management policy and has a support policy for affected customers, adjusting the funding structure for affected customers. At the same time, balancing and diversifying the portfolio in the coming time," Mr. Thanh said, adding that with the current CAR ratio of about 14.85%, which is a high level in the market, HDBank has the ability to withstand market fluctuations if a crisis occurs. "Mr. Thanh said, adding that with quick adaptation and the ability to improvise, which has been proven through difficult periods of the market, HDBank can balance even during the Covid-19 period, so it is determined to adjust its strategy and goals in 2025. Accordingly, HDBank maintains its growth and profit targets as initially set.

According to Mr. Thanh, in the face of current market developments, along with the Government 's response, public investment in the domestic market has been increased. In particular, HDBank has a high credit growth room this year, helping the bank increase projects and consumer finance. From there, the investment and financing portfolio will be more balanced. Therefore, HDBank is confident that it can respond and support customers to expand into new markets outside the US. Responding to the Government's policy, HDBank has supported VND 20,000 billion for infrastructure, semiconductors, and information technology.

In 2025, HDBank sets ambitious business targets for 2025. Pre-tax profit is expected to reach VND 21,179 billion, up 27% - one of the highest increases in the industry. ROE is expected to reach 26.2%, ROA to reach 2.15% - continuing to maintain its position as the leading efficient bank. Total assets are expected to reach VND 890,442 billion (+28%), outstanding credit balance reaches VND 579,851 billion (+32%), capital mobilization is VND 792,812 billion (+28%). The bad debt ratio is controlled below 2%, ensuring system stability and safety.

Regarding dividends, HDBank reported that the distributable profit in 2024 is VND10,396 billion, corresponding to an expected dividend payout ratio of 28%. However, in the context of market fluctuations, the bank will be flexible, cautious and seek shareholders' opinions at the right time to ensure financial capacity for long-term sustainable development.

Source: https://baodautu.vn/ceo-hdbank-ngan-hang-dang-day-manh-tai-cau-truc-dongabank-d272968.html