HDBank, officially the Ho Chi Minh City Development Joint Stock Commercial Bank (HoSE: HDB), announced its first-half 2026 financial results, revealing a 31% year-on-year increase in pre-tax profit to VND13.2 trillion (US$505 million). The bank's total assets grew 12.3% from the beginning of the year to VND1.04 quadrillion (US$39.6 billion) as of June 30, placing HDBank among the few Vietnamese banks with assets exceeding VND1 quadrillion (US$38 billion).
The bank achieved industry-leading profitability with a return on equity (ROE) of 25.4% and a return on assets (ROA) of 2.17%. Total operating income rose 8.8% year-on-year to VND22.68 trillion (US$862.8 million), while non-interest income increased by 23.1%. Digital transformation efforts reduced the cost-to-income ratio to 24.9%, with over 94% of retail transactions now conducted digitally.
Outstanding loans grew 18.8% to VND698.36 trillion (US$266 billion), with lending concentrated in manufacturing, SMEs, agriculture, infrastructure, supply chains, and consumer finance. Total funding reached VND932.44 trillion (US$35.5 billion), up 12.1%, while customer deposits increased by more than 20%.
HDBank's growth is driven by an integrated ecosystem that spans banking, digital finance, securities, insurance, fund management, and consumer finance, alongside aviation, real estate, infrastructure, technology, and education. Serving over 34 million direct customers and reaching another 20 million through partners, this network supports robust customer acquisition and cross-selling.
Among its subsidiaries, HD SAISON posted a pre-tax profit exceeding VND804 billion (US$30.6 million), while HD Securities reported VND1.47 trillion (US$55.9 million), up 286% year-on-year, placing it among Vietnam's 10 most profitable securities firms. Vikki Digital Bank expanded its user base to more than 3.5 million.
HDBank maintained strong financial health, with a Basel II capital adequacy ratio above 14% and a loan-to-deposit ratio of 72%. Basel III liquidity ratios, including the liquidity coverage ratio and net stable funding ratio, remained above 100%.
In Q2, Moody's Ratings upgraded HDBank's outlook to positive, while Fitch Ratings assigned the bank first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings of 'BB-', placing it among the highest-rated commercial banks in Vietnam. HDBank also secured a US$721 million international syndicated social loan, the largest such loan ever successfully raised by a Vietnamese organisation.
With strong momentum across its core businesses, HDBank is well positioned to achieve and surpass its 2026 pre-tax profit target of over VND30.1 trillion (US$1.1 billion), up 41% from 2025. These results underscore HDBank's role as a key player in Vietnam's financial sector, contributing to the region's economic development.
