HDBank (HoSE: HDB) announced a robust first-half 2026 financial performance, with pre-tax profit climbing 31% year-on-year to VND13.2 trillion (US$505 million). The bank's total assets surged 12.3% from the beginning of the year to VND1.04 quadrillion (US$39.6 billion) as of June 30, positioning HDBank among the few Vietnamese banks with assets exceeding VND1 quadrillion (US$38 billion). This milestone underscores the bank's significant scale and growth trajectory in the competitive Vietnamese banking landscape.
Profitability metrics were industry-leading, with return on equity (ROE) at 25.4% and return on assets (ROA) at 2.17%. Total operating income increased 8.8% year-on-year to VND22.68 trillion (US$862.8 million), driven by a 23.1% rise in non-interest income. The bank's digital transformation initiatives have been pivotal, reducing the cost-to-income ratio to 24.9% and enabling over 94% of retail transactions to be conducted digitally. This operational efficiency highlights HDBank's successful adaptation to the digital banking era, enhancing customer experience while optimizing costs.
Outstanding loans grew 18.8% to VND698.36 trillion (US$266 billion), with lending strategically directed towards 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%, reflecting strong customer trust and liquidity. HDBank's growth is supported by an integrated ecosystem spanning 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 facilitates robust customer acquisition and cross-selling opportunities.
Subsidiaries contributed significantly to the group's performance. HD SAISON posted 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, ranking among Vietnam's 10 most profitable securities firms. Vikki Digital Bank expanded its user base to more than 3.5 million, demonstrating the success of HDBank's digital ventures.
The bank maintains 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%, ensuring resilience. 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. Additionally, HDBank secured a US$721 million international syndicated social loan, the largest such loan ever raised by a Vietnamese organization, highlighting its access to international capital markets and commitment to sustainable development.
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. This performance not only reflects HDBank's operational excellence but also its strategic role in Vietnam's economic growth, making it a key player to watch in the region's financial sector.
