What kind of bank is HDBank?

HDBank is the abbreviated name of Ho Chi Minh City Development Commercial Joint Stock Bank. Established in 1989, the bank is headquartered in Ho Chi Minh City and was initially named Ho Chi Minh City Housing Development Bank.

Over more than 30 years of building and developing its network, HDBank currently comprises approximately 62 branches and 221 transaction offices nationwide, with a total of 6,478 employees (data from 2020).

(Photo: HDBank)

HDBank is a joint-stock commercial bank, not a state-owned bank. Therefore, HDBank has the characteristics of a private bank.

HDBank's current shareholder structure includes: Foreign individuals: 0.13%; Foreign legal entities: 19.44%; Domestic individuals: 37.44%; Domestic legal entities: 42.99%.

(Photo: HDBank)

History of HDBank's development

Established on February 11, 1989, HDBank is one of the first joint-stock commercial banks in Vietnam. Initially, the bank was named Ho Chi Minh City Housing Development Commercial Bank with approximately 50 employees and a charter capital of 3 billion VND. In 2011, the bank was renamed Ho Chi Minh City Development Commercial Bank and has retained this name to this day.

HDBank's development process has gone through many important stages:

- In 2010: HDBank increased its charter capital to VND 2,000 billion, and simultaneously launched card issuance and insurance services to the market.

- In 2013: HDBank acquired 100% of the shares of Societe Generale Viet Finance (SGVF) and renamed it HDFinance. In the same year, HDBank successfully merged with DaiA Commercial Joint Stock Bank (DaiA Bank) - a bank with a 20-year history of operation.

- In 2018, HDBank officially listed on the HOSE stock exchange.

- From 2019 to present: HDBank has focused on comprehensively improving its system while boosting retail and SME activities, combining modern technologies to continuously improve and create diverse and convenient services for customers.

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Source: https://vtcnews.vn/hdbank-la-ngan-hang-gi-ar856794.html