HDBank 2026 AGM: Pre-Tax Profit Target Up 41%, Assets Near VND 1.2 Quadrillion

Overview

HDBank (HOSE: HDB) held its 2026 Annual General Meeting on April 24, approving a business plan with pre-tax profit target of over VND 30.1 trillion, up 41% year-on-year. Total assets are set to approach VND 1.2 quadrillion, with a 30% dividend planned. The bank also unveiled its multi-financial ecosystem strategy and international cooperation expansion.

Key Facts

• Pre-tax profit target for 2026: over VND 30.1 trillion, +41% YoY.
• Total assets target: VND 1,194,481 billion (+28% YoY).
• Credit outstanding target: VND 804,562 billion (+37% YoY).
• Equity target: VND 110,088 billion.
• Dividend plan: 30%.
• 2025 results: pre-tax profit VND 21,346 billion (+26.7%), ROE 25.3%, ROA 2.1%, NPL 1.66%, CAR 16.7%, CIR 27.2%.
• HDBank has over 38,000 shareholders, including more than 166 foreign institutions.

What Happened

At the AGM held on April 24, 2026, HDBank shareholders approved the 2026 business plan, which targets pre-tax profit of over VND 30.1 trillion, a 41% increase from 2025. Total assets are expected to reach VND 1,194,481 billion, up 28%, while credit outstanding is set to grow 37% to VND 804,562 billion. The bank also plans a 30% dividend.

Chairman Kim Byoungho emphasized the bank’s adaptability and strategic consistency. Vice Chairwoman Nguyen Thi Phuong Thao stated that a large bank is measured not only by asset size but by its ability to shoulder responsibility. The bank outlined its strategy to form a multi-financial ecosystem comprising HDBank, Vikki Bank (digital bank), HD SAISON (consumer finance), and HDB Securities (HDS).

Market Context

HDB shares closed at VND 26 on April 15, 2026, up 1.15% with volume of 10.7 million shares. The bank’s 2025 performance placed it among the top-tier Vietnamese banks by ROE (25.3%) and ROA (2.1%), with a low NPL ratio of 1.66% and high CAR of 16.7%. The 2026 guidance implies continued strong growth, supported by a diversified financial ecosystem.

Strategic Significance

HDBank’s 2026 plan signals a new growth cycle (2026-2030) aimed at becoming a large-scale, high-efficiency financial institution. The integrated ecosystem strategy leverages synergies between commercial banking, digital banking, consumer finance, and securities, potentially enhancing cross-selling and customer retention. The high dividend (30%) and strong capital base (CAR 16.7%) provide a buffer for expansion, while international cooperation and foreign investor interest (over 166 foreign institutions) may support valuation.

What to Watch

• Q1 2026 earnings release to gauge early progress toward the 41% profit growth target.
• Credit growth trajectory, especially in the context of SBV credit growth limits.
• NPL ratio trends as the bank expands credit by 37%.
• Updates on international cooperation agreements and foreign ownership changes.
• Performance of ecosystem entities: Vikki Bank, HD SAISON, and HDB Securities.