AsemconnectVietnam - At the 3rd quarter 2025 Investor Conference held on November 10, 2025, the Board of Directors of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - code HDB) maintained a confident view on the ability to accelerate in the 4th quarter, aiming to exceed the 2025 profit plan.

At the conference, a representative of the Board of Directors of HDBank said that business activities in the first 9 months of the year achieved positive results, many growth indicators exceeded the plan: credit increased by 22.6%, pre-tax profit of VND14,803 billion (+17%), non-interest income of VND5,366 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 financial platform and Moody's credit rating among the highest in the industry.
Member companies also achieved positive results in the first 9 months of the year: HD SAISON achieved a profit of VND1,100 billion (ROE 24.4%); HD Securities achieved a profit of VND614 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.
The bank has received shareholders' approval 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 at the same time, consulted on the plan to pay dividends and bonus shares of 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: Seasonal credit demand peaks at the end of the year and prospects for improving asset quality in a more favorable macro context. Credit growth is strong and sufficient to offset some of the pressure on net interest margin (NIM).
However, credit costs and bad debts need more time to improve. The development of the third quarter of 2025 shows the possibility of a slight downward adjustment in the profit forecast, but the growth outlook and results in 2025 are still positive and expected to exceed the plan.
In the discussion at the conference, HDBank's Board of Directors provided more specific information on the credit growth outlook. In the first 9 months of the year, HDBank sold more than VND37,000 billion of debt to another bank under the State Bank's credit institution restructuring program. The Board of Directors targets a credit growth rate of 35% for the whole year.
The credit growth momentum 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 mortgage and consumption. In this outlook, HDBank said that the State Bank has allocated a limit in line with the financial capacity and growth orientation of the bank, 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 year 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 loans is only 22.3%. HDBank has also successfully arranged more than USD500 million 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, the bank has been able to handle debt faster and improve cash flow recovery.
HDBank's management 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 efficient growth, risk control, promoting digitalization and expanding retail customers continues to be the focus in the period 2025-2030.
N.Nga
Source: VITIC/Tinnhanhchungkhoan