Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) Q2 2025 earnings summary

Executive summary

• Consolidated profit after tax for Q2 2025 increased by 24% year-over-year, reaching VND 8,034 billion, reflecting quality growth and operational optimization.

• Net interest income rose due to selective credit expansion and improved net interest margin (NIM).

• Fee-based income, especially from payment services, posted strong growth, increasing the share of non-interest income.

• Operating expenses were effectively controlled through digitalization and modernization, leading to a significant decline in the cost-to-income ratio (CIR).

Financial highlights

• Total assets as of 30 June 2025 reached VND 784,096 billion, up from VND 697,366 billion at year-end 2024.

• Loans to customers increased to VND 508,549 billion from VND 442,485 billion at year-end 2024.

• Customer deposits rose to VND 478,700 billion from VND 437,505 billion.

• Net interest income for H1 2025 was VND 17,227 billion, up from VND 14,880 billion year-over-year.

• Profit after tax for H1 2025 was VND 8,034 billion, compared to VND 6,465 billion in H1 2024.

Outlook and guidance

• The bank continues to focus on quality growth, digital transformation, and operational efficiency to sustain profitability.