Which bank develops sustainable finance best in Vietnam?

Specifically, HDBank is the only bank in Vietnam to receive The Asset Triple A Awards - Best bank for sustainable finance in 2022 from The Asset.

At the same time, HDBank was the first domestic bank to receive the award for excellent international payment quality for MT 202 EUR by JP Morgan Chase. The award also recognized the excellence of HDBank's staff in international payment operations over the past time.

These results also continue to affirm HDBank's position in the domestic and international financial markets, with sustainable growth, fulfilling the role of an important capital mobilization channel for businesses and people; at the same time demonstrating the attractiveness of the banking and finance sector to domestic and foreign investors; affirming the trend of promoting sustainable finance to contribute to stabilizing, recovering and developing Vietnam's economy .

Mr. Tran Hoai Nam - Deputy General Director of HDBank represented the Bank to receive the award from JP Morgan Chase.

According to the Judging Council of Asia's leading prestigious and long-standing financial awards, The Asset Triple A Awards, HDBank is always at the forefront of environmental, social and governance (ESG) activities - one of the important indicators of sustainable development to evaluate sustainable and responsible business.

Throughout the journey of promoting sustainable finance and ESG practices, HDBank has made efforts to attract external capital to increase resources, support funding, encourage and orient projects according to domestic ESG criteria.

Previously, at the end of 2021, in just three months, HDBank brought in more than 700 million USD ready for green credit lines, focusing on renewable energy. To date, HDBank has disbursed more than 13,000 billion VND in green financing, meeting ESG criteria. The bank continues to seek to develop its green portfolio, responding to the interest and support of foreign investors who want to provide long-term capital solutions for this special area.

In addition, the 2022 business results such as: Total profit (profitability), capital adequacy ratio (CAR), net return on equity (ROE), net return on assets (ROA), individual bad debt ratio (NPL) ... are also financial indicators of HDBank highly appreciated by The Asset.

In parallel, with the International Payment Computing Quality Award presented by JP Morgan Chase Bank - the largest bank by total assets in the US - HDBank marked the 5th consecutive time receiving this award. Notably, in 2022, the MT 202 USD payment electricity quality rate was 99.95%, MT 103 was 99.73% and MT 202 EUR was 100%, HDBank continued to be in the top banks with the best standard electricity processing rate in Asia in particular and the world in general.

In 2022, with strong financial potential and reputation, flexible development strategy in each period, HDBank achieved the best results ever, with profit exceeding 10,000 billion VND for the first time; total assets exceeding 416,000 billion VND.

Notably, along with HDBank's safety and operational efficiency indicators being among the leading banks, HDBank continues to make a strong impression on service revenue growth, reaching over 53% over the same period last year.

Considering the 3 years from 2019 to present, HDBank has achieved a compound growth rate of service revenue of 56.3%, among the top banks with the highest growth rate in the market.

The appeal of products and services that bring synchronization and convenience on a digital platform and the effort to innovate, diversify choices, and satisfy customer experiences have been constantly promoted by HDBank. Recently, HDBank continued to "score" as the first bank to use Swift Go service in international payments in the Vietnamese market.

In the next 5 years, the bank will maintain a high growth rate, averaging over 25% per year, continuing to affirm its capacity to ensure safe and sustainable operations.

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Source: https://vtc.vn/ngan-hang-nao-phat-trien-tai-chinh-ben-vung-tot-nhat-viet-nam-ar747789.html