AsemconnectVietnam - At the Investor Conference to update business results in 2022, HDBank's representative said that in 2023, the bank expects to continue to grow strongly in terms of scale and quality.

Applying Basel III, digital transformation and further developing the service sector are the programs that are expected to contribute positively to improving the efficiency and safety of HDBank's operations.
HDBank's representative had an update report on business results in 2022 and shared comments on some of the bank's programs in 2023.
2022 is the year the bank has achieved its best business results ever with VND10,268 billion in pre-tax profit, up 27.2% over the same period. In which, total revenue of the bank reached VND21,967 billion, up 31% over the same period. The bank's life insurance business also more than doubled over the same period last year, demonstrating strong growth potential in the future.
HDBank's asset quality is also maintained at a good level with a separate bad debt ratio of 1.3%, a consolidated bad debt ratio of 1.67%, much lower than the 1.92% of the whole industry. The loan-to-deposit ratio is low compared to the maximum level set by the state bank. This comes from the fact that the bank is always cautious in managing liquidity risks, mobilizing capital from market 1 has achieved high results.
As of December 31, 2022, HDBank has 347 branches and transaction offices, more than 24.5 thousand consumer finance transaction points and over 16,000 employees serving over 14 million customers. Besides, HDBank has a large and potential customer ecosystem including customers of HDBank, Vietjet Air and HD SAISON.
To achieve the above results, the bank has implemented a number of strategies such as promoting the development of digital banking, exploiting ecosystem advantages, insurance business and corporate governance and environmental risks, society according to the best international standards. Notably, for digital transformation, HDBank has achieved positive results such as the number of transactions via digital channels nearly doubled, the transaction value through digital channels increased by 547%.
In 2023, the bank aims to maintain a high growth momentum, effectively manage risks, ensure asset quality and operational safety indicators among the leading banks, and implement programs to help customers overcome difficulties.
In addition, the bank is also promoting the signing of exclusive insurance distribution contracts and mobilizing international capital at a reasonable cost to further improve safety and performance indicators, ready to apply Basel III.
N.Nga
Source: VITIC/Tinnhanhchungkhoan