HDBank continues to implement the roadmap to reduce investment outside the industry and realize profits

(TBTCO) – On December 6, 2023, City Development Commercial Joint Stock Bank. Ho Chi Minh City (HDBank; stock code: HDB) announced the decision to continue selling shares of an airline according to the plan to focus on main business activities and reduce investment outside the industry.

According to information published on the City Stock Exchange. Ho Chi Minh City (HOSE), HDBank plans to sell 3,267,920 shares of Vietjet Aviation Joint Stock Company (code VJC). The transaction is expected to be carried out by agreement and order matching method, from December 11, 2023 to January 9, 2024.

HDBank continues to implement the roadmap to reduce investment outside the industry and realize profits
In the third quarter of 2023, HDBank recorded credit growth of over 11.3%.

Recently, HDBank was rated B1 by Moody’s credit rating agency with a better profitability assessment than the industry average, low bad debt ratio and other guaranteed safety ratios.

In the third quarter of 2023, HDBank recorded credit growth of over 11.3%, deposits increased by over 51% compared to the beginning of the year. Net profit margin on equity (ROE) reached 22.4%, and capital adequacy ratio reached 12.3%, among the top 5 banks with the best capital adequacy index (CAR)./ .

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