HDBank (HoSE: HDB) announced strong financial results for the first half of 2026, with pre-tax profit increasing 31% year-on-year to VND13.2 trillion (US$505 million). The bank's total assets reached VND1.04 quadrillion (US$39.6 billion) as of June 30, a 12.3% increase from the beginning of the year, placing HDBank among a select group of Vietnamese banks with assets exceeding VND1 quadrillion (US$38 billion).
The bank reported industry-leading profitability metrics, with return on equity (ROE) at 25.4% and return on assets (ROA) at 2.17%. Total operating income grew 8.8% year-on-year to VND22.68 trillion (US$862.8 million), while non-interest income surged 23.1%. This performance was bolstered by a robust digital transformation strategy, which reduced the cost-to-income ratio to 24.9% and enabled more than 94% of retail transactions to be conducted digitally.
Outstanding loans grew 18.8% to VND698.36 trillion (US$266 billion), with lending concentrated in 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%.
HDBank's growth is driven 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 another 20 million through partners, this network supports strong customer acquisition and cross-selling.
Among its subsidiaries, HD SAISON posted pre-tax profit of more than VND804 billion (US$30.6 million), while HD Securities reported VND1.47 trillion (US$55.9 million), up 286% year-on-year, placing it among Vietnam's 10 most profitable securities firms. Vikki Digital Bank expanded its user base to more than 3.5 million.
HDBank maintained 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%.
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. HDBank also secured a US$721 million international syndicated social loan, the largest such loan ever raised by a Vietnamese organization.
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 underscores the bank's resilience and strategic focus on digital innovation and diversified growth, which are critical for sustaining competitiveness in Vietnam's rapidly evolving financial landscape.
