HDBank reports 2015 results

The HCM City Development Bank (HDBank) on January 18 announced its deposits have grown 19 per cent to over VNÐ82 trillion (US$3.7 billion).

Loans outstanding at the end of 2015 were VNÐ67.2 trillion ($3.1 billion), a 24.2 per cent rise.

Bad debts accounted for 0.97 per cent of loans.

With these results, HDBank remains one of the three joint stock banks to get an ‘A' grade from the State Bank of Viet Nam.

Also on the day the bank was awarded the Labour Medal, third class, for its contribution to the banking system in Viet Nam. This was the second such honour for the bank.

In another development, the bank donated VNÐ1.6 billion ($73,000) to charity to support disadvantaged people.

bizhub

>   Tax perks stimulate Nidec projects (19/01/2016)

>   Market ready for Fintech (19/01/2016)

>   Dai-ichi Life Vietnam to increase its chartered capital to $100 million (19/01/2016)

>   World Bank arm guarantees loans for Viet Nam (19/01/2016)

>   New exchange rate policy reduces dollar speculation (19/01/2016)

>   BIDV enters top global companies list (19/01/2016)

>   SeA Bank provides electronic tax payment (19/01/2016)

>   Dollar still preferred despite zero rate (18/01/2016)

>   Dong devaluation fears dampened secondary bond market in 2015 (18/01/2016)

>   SBV issues remittance regulations (18/01/2016)