Additionally, both the local and foreign currency long-term issuer default ratings are BB-. Notably, HDBank's Viability Rating is bb-, the highest level Fitch currently assigns to Vietnamese banks.

According to an HDBank representative, this inaugural high rating from Fitch Ratings demonstrates the bank's financial capacity and governance quality are approaching international standards. It also provides a foundation for the bank to expand access to international capital markets, diversify funding sources, and optimize fundraising costs.

Customers transact at the bank. Photo: HDBank.

This result is also one notch higher than the B1 rating previously announced by Moody's when converted across international credit rating scales. In its rating announcement, Fitch Ratings noted that HDBank maintains high profitability, stable funding sources, and a strengthening position within Vietnam's banking sector. The agency also assessed that Vietnam's positive economic growth outlook will continue to create favorable conditions for the banking industry's operations in the coming period.

Furthermore, Fitch acknowledged the bank's consistent growth in asset and credit scale in recent years, alongside an expanded presence in the retail and small and medium-sized enterprise (SME) segments. According to the agency, net interest margin and operational efficiency continue to be key factors supporting the bank's profitability.

From a long-term perspective, Fitch anticipates the bank's capital strength will continue to be reinforced through shareholder-approved capital increase plans. The agency's assessment indicates that additional capital will help the bank strengthen its financial buffer, improve resilience to risks, and create further room for growth in the medium and long term.

In addition to Fitch Ratings, in april, Moody's upgraded HDBank's credit rating outlook from "stable" to "positive," based on a favorable assessment of the bank's financial capacity, asset quality, and development prospects.

At the end of the first Quarter of 2026, HDBank reported a pre-tax profit of 6,107 ty dong, a 14% increase year-on-year. Return on equity (ROE) remained high at 24,29%, placing it among the industry leaders. The capital adequacy ratio (CAR) under Basel II reached 16,2%, more than double the regulatory minimum of 8%.

As of 31/3/2026, the bank's total assets reached 984,216 ty dong, an increase of 5,7% compared to the end of the previous year. Total credit outstanding was 635,085 ty dong, growing by 8%. Total capital mobilization exceeded 880,000 ty dong, up 5,9%; with customer deposits surpassing 725,000 ty dong, an 11,9% increase. The loan-to-deposit ratio (LDR) was maintained below 75%; concurrently, important liquidity ratios such as the liquidity coverage ratio (LCR) and the net stable funding ratio (NSFR) both remained above 100%, exceeding the requirements under Basel III standards.

Hoang Dan