HDBank named among top 10 leading profitable banks

Friday, Nov 08, 2019 15:06

HDBank is named among top 10 banks with the highest profit. — VNS Photo

HA NOI — The HCM City Development Joint Stock Commercial Bank (HDBank) reported growing pre-tax profit in the third quarter, a year-on-year increase of 51 per cent.

The bank’s profit in the first nine months of this year reached VND3.45 trillion (US$148.3 million), the highest ever.

With this result, the bank's return on assets (ROA) and return on equity (ROE) ratios will reach 1.7 per cent and 20.2 per cent, respectively.

Notably, HDBank's net profit margin reached 4.6 per cent, among the top three listed banks with the highest net profit margin.

Vietnam Report has just released the Profit500 rankings and outstanding items including the top 10 enterprises in the field of banking, finance and securities.

The top 10 leading profitable banks include Vietcombank, HDBank, Vietinbank, Techcombank, VPBank, MB and ACB.

Besides, Vietnam Report also has assessments on indicators, business environment, as well as potential industries, of which banking industry ranked fifth with strong growth in the period 2020-25. — VNS

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