HDBank has announced a remarkable financial performance 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, making it one of the few Vietnamese banks to exceed the VND1 quadrillion (US$38 billion) asset milestone. This achievement highlights the bank's significant scale and operational strength in the competitive banking landscape.
The bank's profitability metrics are among the highest in the industry, with a return on equity (ROE) of 25.4% and a return on assets (ROA) of 2.17%. Total operating income grew by 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 been particularly effective, reducing its cost-to-income ratio to 24.9% and enabling over 94% of retail transactions to be conducted digitally. This digital focus not only enhances efficiency but also positions HDBank for future growth in an increasingly digital economy.
Loan growth remained robust, with outstanding loans increasing by 18.8% to VND698.36 trillion (US$266 billion), primarily 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 grew by more than 20%, reflecting strong customer confidence and liquidity.
HDBank's growth is underpinned by an integrated ecosystem that spans banking, digital finance, securities, insurance, fund management, consumer finance, aviation, real estate, infrastructure, technology, and education. With over 34 million direct customers and access to an additional 20 million through partners, this ecosystem facilitates customer acquisition and cross-selling opportunities. Among its subsidiaries, HD SAISON contributed over VND804 billion (US$30.6 million) in pre-tax profit, while HD Securities reported VND1.47 trillion (US$55.9 million), a 286% increase year-on-year, placing it among Vietnam's top 10 most profitable securities firms. Vikki Digital Bank also expanded its user base to over 3.5 million, demonstrating the success of its digital banking ventures.
The bank's financial health remains strong, 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, are consistently above 100%, ensuring resilience against potential market stresses. In Q2, Moody's Ratings upgraded HDBank's outlook to positive, and Fitch Ratings assigned the bank its 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, underscoring its credibility and access to international capital markets.
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), representing a 41% increase from 2025. The bank's strategic initiatives, including digital transformation and ecosystem development, are expected to drive sustained growth and reinforce its leadership in the Vietnamese banking sector.
