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HDBank Gets US$50 Million from French Development Agency to Finance Green Projects

HDBank Gets US$50 Million from French Development Agency to Finance Green Projects

HO CHI MINH CITY, VIETNAM, Sept. 20 (Korea Bizwire) — Proparco, the French Development Finance Institution, has granted a US$50 million loan to HDBank to finance green projects and promote sustainable development in Vietnam. It marks the first collaboration between Proparco and HDBank. A pioneer in green lending, HDBank has in past years helped foster [...]

HDBank to Pay 25 pct Dividend in Shares, Moody’s Raises Credit Rating for the Bank to Positive Outlook

HDBank to Pay 25 pct Dividend in Shares, Moody’s Raises Credit Rating for the Bank to Positive Outlook

HO CHI MINH CITY, VIETNAM, June 8 (Korea Bizwire) – The Ho Chi Minh City Development Joint Stock Commercial Bank (HoSE: HDBank) has announced plans to increase its charter capital to more than VND20.273 trillion (US$879.48 million) by paying dividends for 2020 in shares and an employee stock option plan. According to information published by [...]

HDBank AGM: Accelerate Digital Transformation, Target High Growth, Have Responsibility Towards Customers, Economy

HDBank AGM: Accelerate Digital Transformation, Target High Growth, Have Responsibility Towards Customers, Economy

HO CHI MINH CITY, VIETNAM, April 28 (Korea Bizwire) – Shareholders of the Ho Chi Minh City Development Joint Stock Commercial Bank (HoSE: HDB) approved all the statements and proposals by the board of directors at its annual general meeting of shareholders on April 23. HDBank achieved its best results ever in 2020. Total consolidated [...]

HDBank Wins Award for Outstanding International Payment Service for 3rd Consecutive Year

HDBank Wins Award for Outstanding International Payment Service for 3rd Consecutive Year

HO CHI MINH CITY, VIETNAM, Nov. 30 (Korea Bizwire) – For its almost 100 per cent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB)has received the MT202 and MT103 STP awards for international payment servicesfrom J.P. Morgan Chase Bank. This is the third year in [...]

HDBank Remains on High Growth Path in Q3, Aids Business Community amid Pandemic

HDBank Remains on High Growth Path in Q3, Aids Business Community amid Pandemic

HO CHI MINH CITY, VIETNAM, Nov. 3 (Korea Bizwire) – The HCM City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits (separately) of VND3.615 trillion (US$155.5 million) for the first nine months of the year, a year-on-year increase of 31.9 per cent and equivalent to 107 per cent of the target. The [...]

HDBank Issues Convertible Bonds to Strategic Partner Germany’s DEG

HDBank Issues Convertible Bonds to Strategic Partner Germany’s DEG

HO CHI MINH CITY, VIETNAM, Sept. 29 (Korea Bizwire) – The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) today announced the signing of an agreement to issue convertible bonds and enter into a strategic tie-up with DEG – DEUTSCHE INVESTITIONS- UND ENTWICKLUNGSGESELLSCHAFT MBH (“DEG”). DEG will invest in convertible [...]

HDBank Joins Contour Network to Improve Letters of Credit Issuance

HDBank Joins Contour Network to Improve Letters of Credit Issuance

HO CHI MINH CITY, VIETNAM, May 6 (Korea Bizwire) – HDBank, the Vietnamese-based financial institution, has today joined Contour, the open trade finance network, to increase its ability to extend trade financing to more corporates. This addition to Contour’s blockchain-based network further strengthens its offering to the trade finance industry. HDBank is the latest financial [...]

Moody’s Reaffirms B1 Credit Rating for HDBank Despite Pandemic Challenge

Moody’s Reaffirms B1 Credit Rating for HDBank Despite Pandemic Challenge

HO CHI MINH CITY, VIETNAM, April 24 (Korea Bizwire) – Moody’s Investors Service has reaffirmed the B1 credit rating for the Ho Chi Minh City Development JSC Bank (HDBank) amid a challenging market situation due to the impact of the Covid-19 pandemic and social distancing orders from the Government. In its press release, Moody’s said [...]