Following the bank's financial statements for Q1, its net revenue from services saw a yearly increase of over 94 per cent while bad debt ratio stood at 1.17 per cent.

As of March 31, its total consolidated credit outstanding balance reached over VND340 trillion, up 9.8 per cent compared to December 31, 2021 with growth momentum coming from all major business segments, including retail, small and medium-sized enterprises and consumer finance.

In the three-month period, HDBank recorded a total operating income of above VND5.12 trillion, up 23 per cent year-on-year. In which, net income from services rose over 94 per cent with the main contribution from bancassurance and payment services. Return on equity (ROE) and return on assets (ROA) were 25.4 per cent and 2.1 per cent, respectively.

During the period, HDBank gave priority to granting loans for the fields of agriculture and rural areas, export, supply and distribution chains, environmentally friendly production, renewable energy, besides household businesses which needed capital for production and green credit programmes.

Meanwhile, the bank continued to implement credit programmes with preferential interest rates for micro businesses and individual customers, exempting and reducing many types of service fees to support customers to resume business and production activities.

In addition to positive business performance, HDBank also ensured its responsibilities to the community, contributing to supporting those affected by the COVID-19 pandemic. Recently, HDBank received the Certificate of Merit from the Prime Minister for its outstanding achievements in the prevention of the pandemic. — VNS