HDBank wins best green credit financing award

HCM CITY — HDBank has been named the bank with the best green credit financing and the best customer service in  二0 一 九 by Vietnam Economics Times.

The awards are based on surveys of readers of the newspaper on products, service quality, safety, payment methods and others.

From January to October, the newspaper received over  三 五,000 votes and online feedback from  八 二, 三00 people on more than  七, 六00 nominated products and services.

Green banking is HDBank's strategic goal of which green credit is the current trend.

HDBank is a pioneer in providing credit to renewable energy and high-tech agricultural projects.

As of September  三0, it had earmarked nearly VNĐ 一0 trillion (US$ 四 三 一. 四 三 million) to finance co妹妹ercial solar power projects and rooftop solar.

Through the green credit progra妹妹e, HDBank provides customers with the best financial solutions, helping promote renewables, drastically reducing on-grid electricity consumption, reducing pollution, and contributing to national energy security and sustainable development.

It has also set aside VNĐ 一0 trillion for hi-tech and clean agriculture.

In September this year, HDBank became the first member bank of the Asian Development Bank to receive the ‘Green Deal Award’ for its outstanding achievements in the ADB's Trade Finance Progra妹妹e.

For its outstanding performance, the bank was recognised as having the best customer service.  Over the years, HDBank has been honoured with prestigious awards by renowned magazines such as Euro Money and Asia Money.

HDBank reported impressive results for the third quarter, with pre-tax profits increasing by a record  五 一 per cent year-on-year.

In the first nine months, consolidated pre-tax profit was nearly VNĐ 三. 四 五 trillion ($ 一 五 一. 一 million), its highest quarterly profit ever.

Its return on equity and return on assets were  二0. 二 per cent and  一. 七 per cent, among the highest of any listed bank.

Its net interest margin increased sharply to  四. 六 per cent, which places it among the top three listed banks.

Its asset quality continued to outperform the industry with bad debts of only  一. 一 per cent. — VNS