What bank is HDBank?

HDBank is the abbreviation of Ho Chi Minh City Development Joint Stock Commercial Bank. The bank was established in 1989 and is headquartered in Ho Chi Minh City with the original name of Ho Chi Minh City Housing Development Bank.

After more than 30 years of building and developing HDBank's transaction network, it currently includes about 62 branches and 221 transaction offices nationwide with a total of 6,478 employees (2020 data).

(Photo: HDBank)

HDBank is a joint stock commercial bank, not a state-owned bank. Therefore, HDBank has the nature 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)

Development history of HDBank

Established on February 11, 1989, HDBank is one of the first joint stock commercial banks in Vietnam. Initially, the bank was called Ho Chi Minh City Housing Development Joint Stock Commercial Bank with about 50 employees and a charter capital of VND3 billion. In 2011, the bank was renamed Ho Chi Minh City Development Joint Stock Commercial Bank and has kept this name to this day.

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

- 2010: HDBank increased its charter capital to 2,000 billion VND, and simultaneously issued cards and insurance services to the market.

- 2013: HDBank acquired 100% of the equity capital of Societe Generale Viet Finance (SGVF) and changed its name to 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 appeared on HOSE.

- From 2019 to present: HDBank focuses on comprehensively completing the system while promoting 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