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Foreign investors finance to help HDBank expand lending to smaller businesses

As Vietnam accelerates economic recovery amid Covid-19, IFC, LeapFrog Investments, and DEG have invested $165 million in convertible Tier 2 bonds issued by HDBank, a leading Vietnamese private retail and SME bank.

IFC provides $70 million-package for HDBank to boost climate finance

As Vietnam accelerates efforts to transition to low-carbon growth, IFC is providing a $70 million loan to HDBank – one of the country’s leading banks in climate finance – to increase its funding for renewable energy projects in Vietnam.

HDBank plans to mobilize $300 million from offshore

The bank is planning to issue convertible bonds worth $300 million to supplement its operating capital while improving its capital adequacy ratio and lessening the maturity risk on the balance sheet.

HDBank targets to lead retail market after merging PGBank

Thanks to the ecosystem combined among HDBank, PGBank, Petrolimex and Vietjet, HDBank expects to have around 40 million customers in the future.

Acquiring PG Bank increases HDBank's expected profit up to over $200 million

Instead of VietinBank, HDBank is taking requisite steps to acquire PG Bank and the strategic deal is expected to finalize in this September after a merger request to be submitted to the State Bank in this month.

Taking position in $439 million of pretax profit - race of Tecombank and VPBank

The ambitious targets set by banks in 2018 forecast that the private banks will usurp the state owned commercial ones.

Founding owners of Hoa Phat and Thaco Corporations announced billionaires in the world

Besides Pham Nhat Vuong and Nguyen Thi Phuong Thao, there are two Vietnamese businessmen's names placed in the World’s Billionaires list 2018 just announced by the reputable Forbes.

HDBank gained hefty profit of US$100 million before listing on bourse

According to HDBank’s listing prospectus, its total outstanding loans reached VND101,410 billion (roughly US$4.5 billion) and pre-tax profit was VND2,260 billion (roughly US$99.71 million) in the first 11 months of 2017.

HDBank plans to list on bourse on Jan 5 at a reference price of US$1.46 per share

HDBank, formally known as Ho Chi Minh City Development Joint Stock Commercial Bank, plans to list its shares on the Ho Chi Minh Stock Exchange (HOSE) on January 5 at a reference price of VND33,000 (US$1.46) per share.

Foreign investors spent US$300 million buying HDBank’s stake

HDBank shares will be listed on the Hochiminh Stock Exchange (HOSE) in early 2018.