An HDBank branch in HCM City. Moody’s Investors Service has upgraded its long-term counterparty risk ratings and counterparty risk assessments one level to B1. — Photo Courtesy of HDBank
Moody’s Investors Service has upgraded ratings for Ho Chi Minh City Development Joint Stock Commercial Bank among other banks in Viet Nam.
The lender’s long-term counterparty risk ratings (CRR) and counterparty risk assessments (CRAs) have gone up one level to B1.
CRR rate the ability of entities to honour the uncollateralised portion of non-debt counterparty financial liabilities (CRR liabilities) and reflect the expected financial losses in the event such liabilities are not honoured.
At the end of the first half, HDBank had assets of over VND191.29 trillion (US$8.4 billion), up 12.8 per cent over the same period last year.
Total outstanding loans were VND125.13 trillion, up 14 per cent from the end of last year and 21.4 per cent up from a year earlier.
Its capital adequacy ratio (CAR) was 13.6 per cent, significantly higher than the 9 per cent stipulated by the State Bank of Viet Nam and among the highest of any bank.
Its non-performing loans rate was 0.9 per cent. — VNS