HDBank wins Asian Banking and Finance Award for Sustainability Initiative of the Year
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has won the 2023 Asian Banking & Finance Award in the “Sustainability Initiative of the Year – Vietnam” category.
HCM City (VNS/VNA) – Ho Chi Minh City Development Joint StockCommercial Bank (HDBank) has won the 2023 Asian Banking & Finance Award inthe “Sustainability Initiative of the Year – Vietnam” category.
Asian Banking and Finance, a leading financial magazinefounded in 2008, gives away the Wholesale Banking Awards and Retail BankingAwards annually to honour banks and financial institutions by region andcountry for their outstanding performance, innovation and excellence.
This year, besides HDBank, big names in the region and Vietnamsuch as CIMB, HSBC, Standard Chartered, and Vietinbank were also among thewinners.
HDBank is the only bank in Vietnam to win in this category.
The jury comprising experts from all the four largest internationalaccounting and professional services firms in Singapore appreciated HDBank formeeting many stringent criteria in terms of financial indicators and ESG(environment, society and governance) and carrying out community activities.
The banking industry plays an important role in promoting thecircular economy by offering financial products and services to individuals,households and businesses, and supporting business activities and investmentsthat have a positive impact on the environment and society.
Recognising the importance of this, since 2018 HDBank has beenimplementing a number of measures to expand its resources for promoting thedevelopment of green finance, helping the Government meet its commitment ofachieving net zero greenhouse gas emissions by 2050.
Over recent years, HDBank has received funding and comprehensiveconsultancy for sustainable development, green finance, green transformation,and, especially, development of financial products for women-owned small andmedium-sized enterprises from reputed international financial institutions suchas IFC, DEG (a development financial institution owned by German state-owneddevelopment bank KFW), Proparco (the French Development Finance Institution),Leapfrog Investments, Asian Development Bank, and Affinity Equity.
HDBank is one of the pioneers in promoting sustainabledevelopment, green finance and green transformation, applying ESG standards inbusiness activities to achieve long-term sustainable development andproactively carrying out CSR activities.
Going forward HDBank will continue to support SMEs and focus onincorporating sustainable development goals and ESG with its businessdevelopment goals./.
The International Finance Corporation (IFC) and the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) signed a memorandum of understanding on May 11 to become strategic partners for helping small and medium enterprises scale up finance and participate in global supply chains, including high-tech agricultural chains.
The International Finance Corporation (IFC) will help the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) to build a supply chain finance fund of 1 billion USD in the next three years as well as develop support industries and petroleum distribution.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – ticker code HDB) has reported consolidated total operating income and pre-tax profit of nearly 5.4 trillion VND (217.1 million USD) and over 2.7 trillion VND (108.5 million USD) for the third quarter, up 45.6% and 43.4% year-on-year.
The Ho Chi Minh City Development Joint Stock Commercial Bank has been named among the Top 10 Large Cap Companies with the Best Annual Reports at the 2022 Vietnam Listed Companies Awards organised by the Ho Chi Minh Stock Exchange, Hanoi Stock Exchange and Investment Review newspaper in Da Nang.
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At the event (Photo: HDBank) 
