This year, HDBank targets VND2,372 billion (roughly US$104.475 million) in pretax profit which is believed to be feasible to achieve.
Despite the rapid growth in recent years, the bank's loan-to-deposit ratio (LDR) by September 30 was only 74 per cent, compared to other banks’ average of 88 per cent. This has helped HDBank have more room for future credit growth to increase its net interest income.
The bank also said that it would increase the service fee which is expected to raise its contribution to the total income of the bank from about seven per cent recorded on 30 September 2017 to 15 per cent in the coming years.
One of the bank's directions is to develop mobile applications with various utilities to encourage customers to use more of HDBank's services.
In addition, in order to raise its revenue, HDBank will promote the cross-selling between companies in the banking system and other relevant companies such as HDSaison, a retail finance company and VietJet, an airline firm in Vietnam.
HDBank and HDSaison currently serve about five million customers, with Vietjet providing services to 17 million customers which will increase in the coming time.
Effective exploitation of the ecosystem of this amount of customers will help the bank to have more non-interest income and improve its business efficiency.
HDBank will list its shares on the Hochiminh Stock Exchange (HOSE) from January 5, 2018, at the reference price of VND33,000 (roughly US$1.456). Earlier, the bank announced that more than 76 foreign investors had spent US$300 million to own a 21.5 per cent stake in the bank, including the VinaCapital Vietnam Opportunity Fund investing US$22 million and many other familiar investors in Vietnam's stock market such as Dragon Capital, Deutsche Bank AG, and JPMorgan Vietnam Opportunities Fund.
Nguyen Thi Phuong Thao, deputy chairman of HDBank, currently holds a 3.67 per cent stake in the bank and Sovico Holdings, which Thao is leading, is the bank's sole shareholder with 13.34 per cent stake.
The other three leaders of HDBank owning large amounts of shares include Nguyen Huu Dang, general director holding 2.67 per cent stake, Dao Duy Tuong, Head of the supervisory board, holding 2.71 per cent stake and Pham Van Dau, Chief Financial Officer owning 4.3 per cent stake.