{"id":4802,"date":"2024-06-21T19:40:47","date_gmt":"2024-06-21T12:40:47","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=4802"},"modified":"2024-06-21T19:40:47","modified_gmt":"2024-06-21T12:40:47","slug":"hdbank-credit-growth-is-bright-spot-for-banking-3","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=4802","title":{"rendered":"HDBank: Credit growth is bright spot for banking"},"content":{"rendered":"

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire<\/a> – 21 June 2024 – As of June 14, credit growth has reached 3.79 per cent compared to the end of last year, according to a report by the State Bank of Viet Nam (SBV). <\/p>\n

HDBank currently tops the banking industry in profitability. – Photo courtesy of HDBank <\/div>\n

However, challenges still abound in promoting credit growth. <\/p>\n

The SBV recently issued a document requiring implementation of solutions to achieve a credit growth rate of 5-6 per cent by the end of the second quarter. <\/p>\n

Statistics show in the first quarter, seven out of 27 banks recorded negative credit growth, including some large banks. <\/p>\n

But there are still many banks with a credit growth rate that is much higher than the industry average, such as LPBank, Techcombank, HDBank and MSB. <\/p>\n

These banks are also showing good profits compared to the industry average. <\/p>\n

Each bank has different strategies and competitive advantages to exploit market opportunities. <\/p>\n

LPBank recorded the strongest credit increase of over 12 per cent, while Techcombank grew by more than 7 per cent and HDBank by 6.2 per cent. MSB’s credit growth increased by more than 5.6 per cent. <\/p>\n

A HDBank representative stated the bank has implemented early risk management policies to mitigate adverse external impacts and ensure a stable and flexible operational framework. <\/p>\n

The bank tops the industry in profitability, with a return on equity (ROE) reaching 26.7 per cent. <\/p>\n

Continuous improvements in operational safety ratios also provide shareholders and investors with peace of mind amid numerous challenges. <\/p>\n

Meanwhile, promoting digitalisation and optimising processes and operating costs are also key to improving the bank’s operational efficiency over the past few years. <\/p>\n

At HDBank<\/a>, high growth targets and industry-leading ROE come with a strong optimisation of the Cost-to-Income Ratio (CIR), from 39.3 per cent in 2022 to only 31.7 per cent in the first quarter of this year. <\/p>\n

At other banks such as Techcombank, VPBank or especially at large network-operating banks like VietinBank, the CIR has also shown significant improvements in recent years, approaching around 30 per cent. <\/p>\n

Strong digitalisation and optimisation of performance and operational efficiency are also necessary factors for sustainable growth goals among Vietnamese banks. <\/p>\n

According to State Bank representatives, credit growth is expected to increase in the last months of the year. <\/p>\n

Hashtag: #HDBank<\/p>\n

The issuer is solely responsible for the content of this announcement.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire<\/a> – 21 June 2024 – As of June 14, credit growth has reached 3.79 per cent compared to the end of last year, according to a report by the State Bank of Viet Nam (SBV). <\/p>\n

HDBank currently tops the banking industry in profitability. – Photo courtesy of HDBank <\/div>\n

However, challenges still abound in promoting credit growth. <\/p>\n

The SBV recently issued a document requiring implementation of solutions to achieve a credit growth rate of 5-6 per cent by the end of the second quarter. <\/p>\n

Statistics show in the first quarter, seven out of 27 banks recorded negative credit growth, including some large banks. <\/p>\n

But there are still many banks with a credit growth rate that is much higher than the industry average, such as LPBank, Techcombank, HDBank and MSB. <\/p>\n

These banks are also showing good profits compared to the industry average. <\/p>\n

Each bank has different strategies and competitive advantages to exploit market opportunities. <\/p>\n

LPBank recorded the strongest credit increase of over 12 per cent, while Techcombank grew by more than 7 per cent and HDBank by 6.2 per cent. MSB’s credit growth increased by more than 5.6 per cent. <\/p>\n

A HDBank representative stated the bank has implemented early risk management policies to mitigate adverse external impacts and ensure a stable and flexible operational framework. <\/p>\n

The bank tops the industry in profitability, with a return on equity (ROE) reaching 26.7 per cent. <\/p>\n

Continuous improvements in operational safety ratios also provide shareholders and investors with peace of mind amid numerous challenges. <\/p>\n

Meanwhile, promoting digitalisation and optimising processes and operating costs are also key to improving the bank’s operational efficiency over the past few years. <\/p>\n

At HDBank<\/a>, high growth targets and industry-leading ROE come with a strong optimisation of the Cost-to-Income Ratio (CIR), from 39.3 per cent in 2022 to only 31.7 per cent in the first quarter of this year. <\/p>\n

At other banks such as Techcombank, VPBank or especially at large network-operating banks like VietinBank, the CIR has also shown significant improvements in recent years, approaching around 30 per cent. <\/p>\n

Strong digitalisation and optimisation of performance and operational efficiency are also necessary factors for sustainable growth goals among Vietnamese banks. <\/p>\n

According to State Bank representatives, credit growth is expected to increase in the last months of the year. <\/p>\n

Hashtag: #HDBank<\/p>\n

The issuer is solely responsible for the content of this announcement.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-4802","post","type-post","status-publish","format-standard","hentry","category-media-outreach-newswire","category-media-outreach-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/4802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4802"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/4802\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}