Company Insight

- HDB achieved a consolidated credit growth rate of 27% for 2024. The corporate customer segment continued to witness strong loan growth, while the consumer finance segment (HD Saison +13% YoY) also showed positive recovery. The expansion of NIM contributed to HDB's net interest income reaching over 39% YoY, offsetting the contraction in the bank's fee income segment. HDB's consolidated pre-tax profit for 2024 reached VND 16,731 billion (+28.53% YoY), exceeding HDB's 2024 plan. Subsidiary HD Saison achieved a profit of VND 1,200 billion (+85% YoY).
- Credit growth is projected to exceed 20% for 2025, with growth drivers more evenly distributed between corporate and retail customer segments. NIM is expected to slightly decrease due to lending rates remaining at low levels. Operating income 2025 is projected to achieve a 20% YoY growth. The CIR is anticipated to be around 33% for 2025. Reduced provisioning pressure is expected to help HDB's pre-tax profit reach VND 20,963 billion (+25% YoY) in 2025.
- On January 17, 2025, HDB officially received the transfer of DongA Bank. The decision to allow an increase in the foreign ownership limit to 49% for banks undergoing mandatory transfers is expected to create more favorable conditions for HDBank in attracting foreign investment.