HDBank has announced impressive financial results for the first half of 2026, with pre-tax profit surging 31% year-on-year to VND13.2 trillion (US$505 million). The bank's total assets increased by 12.3% from the beginning of the year to VND1.04 quadrillion (US$39.6 billion) as of June 30, placing it among a select group of Vietnamese banks with assets exceeding VND1 quadrillion (US$38 billion).
This strong performance is underscored by industry-leading profitability metrics, with return on equity (ROE) at 25.4% and return on assets (ROA) at 2.17%. Total operating income rose 8.8% year-on-year to VND22.68 trillion (US$862.8 million), driven by a 23.1% increase in non-interest income. The bank's digital transformation initiatives have also paid off, reducing the cost-to-income ratio to 24.9% and enabling more than 94% of retail transactions to be conducted digitally.
Loan growth has been robust, with outstanding loans climbing 18.8% to VND698.36 trillion (US$266 billion). Lending has been strategically focused on key sectors including 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 grew by more than 20%.
HDBank's growth is fueled 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 an additional 20 million through partners, this network supports strong customer acquisition and cross-selling opportunities.
Subsidiaries have also contributed significantly to the bank's success. HD SAISON posted a pre-tax profit of more than VND804 billion (US$30.6 million), while HD Securities reported VND1.47 trillion (US$55.9 million), a 286% year-on-year increase, making it one of Vietnam's top 10 most profitable securities firms. Vikki Digital Bank expanded its user base to over 3.5 million.
The bank maintains solid 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, remain above 100%, indicating strong resilience.
International recognition has been forthcoming. In Q2, Moody's Ratings upgraded HDBank's outlook to positive, and 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. Additionally, HDBank secured a US$721 million international syndicated social loan, the largest such loan ever raised by a Vietnamese organization.
With this strong momentum, HDBank is well positioned to achieve and potentially surpass its 2026 pre-tax profit target of over VND30.1 trillion (US$1.1 billion), representing a 41% increase from 2025. These results highlight HDBank's strategic execution and its pivotal role in Vietnam's growing financial sector, with implications for investors, customers, and the broader economy.
