BizNEWS

HDBank Named in the List of the Top 50 Listed Companies 2020

Truc Mai
BizLIVE - Forbes has just announced the list of the top 50 listed companies 2020. With a solid foundation, high growth rate, good asset quality and top operational efficiency, HDBank is one of the representatives of Vietnam which was honored by Forbes. 
HDBank Named in the List of the Top 50 Listed Companies 2020
According to Forbes, HDBank is a corporate owning a solid foundation with impressive business results and a resilience in an economy suffering many fluctuations and challenges. Along with HDBank, a number of major brands in Vietnam such as Vietcombank and Vinamilk are in the list as well. 
Previously, companies participating in the assessment had to pass three rigorous screening rounds to select listed companies with good business results, capitalization value and revenue of over VND 500 billion. Besides, honoured companies were rated on the basis of compound annual growth, profit, profitability efficiency (ROE, ROA) and criteria for measuring the quality of operations. For the banking industry, the organizers applied a set of additional indicators, including net profit margin (NIM), rate of provision (RCC), non-performing ratio (NPL) and EPS over five consecutive years from 2015 to 2019. 
Passing these rounds, companies are assessed by Forbes on the sustainable development of their businesses, including criteria for branding, quality of corporate management, historical source of profit and the prospect of sustainable development. 
HDBank received the highest scores for all above criteria. In particular, HDBank is one of the leading banks in terms of the value added for shareholders. In the 3 consecutive years since the IPO, the return on equity (ROE) of the Bank increased sharply from 15.8% at the end of 2017 to 21.6% at the end of 2019. HDBank’s CAGR in the period from 2015 to 2019 alone reached 55%, from VND 633 per share to VND 3,675 per share and is in the list of top Bank in the Finance - Banking industry. Each year, HDBank continuously sets its own new records of pre-tax profits while maintaining outstanding asset quality.
Besides, the Bank has a history of paying high and steady dividends in cash and stocks. HDBank’s 2020 Annual General Meeting of Shareholders has approved a plan to distribute profits up to 65%, including 50% of stock dividends and 15% of bonus shares. This is the highest yield in the banking industry this year. HDBank deployed the first dividend payment as planned in early October 2020 with the rate of 30%. After dividend payment, HDBank’s breakthrough business potential is expected by investors with the stock market price continuing to grow.
In 2020, accompanying customers to overcome Covid-19 with a series of preferential support packages for interest rates, credit expansion, with effective business, HDBank continues to receive many noble titles due to awarded domestic and foreign prestigious organizations such as: “Best Domestic Retail Bank 2020” awarded by Asian Banking & Finance for 2 consecutive years; the only Vietnamese bank was named in the list of “Best Companies to Work for in Asia 2020” award by HR Asia magazine for 3 consecutive years; Moody’s, a credit rating agency, continued to keep HDBank’s long-term credit rating at B1, although in the context of the Covid-19 pandemic, many businesses had their credit ratings downgraded. Most recently, HDBank has been honoured as one of the outstanding enterprises of Vietnam - ASEAN in 2020.

TRUC MAI

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