HDBank expects to exceed its 2025 business plan

At the conference, representatives of HDBank's Board of Directors said that business activities in the first 9 months of the year achieved positive results, with many growth targets exceeding the plan: credit increased by 22.6%, pre-tax profit of VND 14,803 billion (+17%), non-interest income of VND 5,366 billion (+178.6%), ROE 25.2%, ROA 2.1%, CIR 25.7% - among the lowest in the industry.

HDBank currently serves more than 20 million customers, growing sustainably with a highly regarded international financial platform and one of the highest Moody's credit ratings in the industry.

Member companies also achieved positive results in the first 9 months of the year: HD SAISON achieved a profit of VND 1,100 billion (ROE 24.4%); HD Securities achieved a profit of VND 614 billion (+30%, leading the industry in ROE); Vikki Bank made a profit after 7 months of conversion, attracting more than 1.3 million new customers.

Representative of HDBank's Board of Directors at the Investor Conference in the third quarter of 2025

The bank has received approval from shareholders for its plan to move its headquarters to Saigon Marina IFC - a new symbol of the international financial center of Ho Chi Minh City, and has also sought opinions on the plan to pay dividends and bonus shares at 30% (25% dividend, 5% bonus), continuing to maintain a high and stable payout policy over the years.

Sharing with investors at the conference, HDBank's Board of Directors maintained a confident view on the ability to accelerate in the fourth quarter, aiming to complete the 2025 profit plan, thanks to two main drivers: peak seasonal credit demand at the end of the year and the prospect of improving asset quality in a more favorable macroeconomic context.

Credit growth is strong and sufficient to offset some of the pressure on net interest margins (NIM). However, credit costs and bad debts will take time to improve. The third quarter of 2025 shows the possibility of a slight downward adjustment in profit forecasts, but the growth outlook and results for 2025 remain positive and are expected to exceed the plan.

During the conference, HDBank's Board of Directors provided more specific information about credit growth prospects. In the first 9 months of the year, HDBank sold more than 37,000 billion VND of debt to another bank under the State Bank's credit institution restructuring program. The Board of Directors set a target of 35% credit growth for the whole year.

Credit growth is driven by capital demand from the FDI sector, import-export, housing and construction programs during the peak season, along with a marked improvement in retail lending in mortgages and consumption. In this outlook, HDBank said that the State Bank has allocated a credit limit in line with the bank's financial capacity and growth orientation, thereby creating conditions to boost credit growth in the last quarter of the year.

Regarding net interest margin (NIM), HDBank targets 4.8-5.0% for the whole of 2025, lower than the 5.09% in the first 9 months of the year, partly reflecting the pressure of increasing deposit interest rates. However, liquidity is maintained at a good level with the loan-to-deposit ratio (LDR) reaching 71.3%, significantly lower than the ceiling of 85%, while the ratio of short-term capital for medium- and long-term lending is only 22.3%.

HDBank has also successfully arranged more than 500 million USD of foreign capital at competitive costs, and the prospect of the Fed cutting interest rates could help reduce the cost of mobilizing USD further in the coming time. Meanwhile, non-interest income continues to grow well thanks to revenue from payment fees, bancassurance and debt collection.

In particular, since mid-October 2025, when the new legal framework on the right to seize secured assets takes effect, banks have been able to handle debt faster and improve cash flow recovery. HDBank's Board of Directors assesses that bad debt will improve significantly from the end of 2025 to the beginning of 2026 thanks to a stable macro environment, recovering real estate liquidity and more favorable regulations on handling secured assets, thereby aiming to bring the bad debt ratio to about 2% by the end of this year.

Regarding the profit outlook after the 9-month results, HDBank's Board of Directors said that the bank continues to aim for a profit target of over VND21,000 billion in 2025, and expects a compound annual growth rate (CAGR) of 25-30% in the 2025-2030 period. Member companies also set positive growth plans: HD SAISON expects outstanding loans to increase by 15-16%, aiming for a profit of VND1,500 billion; HD Securities targets VND1,000 billion in profit, continuing to maintain industry-leading ROE efficiency.

HDBank's Board of Directors affirmed that with a solid financial foundation, good mobilization capacity and improved asset quality, the bank has every basis to accelerate in the fourth quarter of 2025. The strategy of focusing on effective growth, risk control, promoting digitalization and expanding retail customers continues to be the focus in the 2025-2030 period.

Source: https://baodautu.vn/hdbank-trien-vong-hoan-thanh-vuot-muc-ke-hoach-kinh-doanh-nam-2025-d433117.html