Ho Chi Minh City Development Bank (HDBank) will increase its holding in HD SAISON, according to a recently announced resolution. This move strengthens its consumer finance pillar, a high-margin segment within the HD Financial Group (HDFG) ecosystem.

The bank stated this action would enhance control, consolidate economic interests, and promote data integration and leveraging its 34 million customer base. Cross-selling between the bank, consumer finance, digital banking, and securities is expected to improve efficiency.

HDBank's information indicates that within the financial group's structure, HD SAISON provides mass consumer finance; Vikki Bank focuses on digital banking for young customers and micro-enterprises; HDBank serves as the core bank for mid-to-high-end segments and businesses; and HD Securities offers investment and asset management services.

HD SAISON currently has a charter capital of 2,350 billion dong. HDBank owns 50%, Japanese partner Credit Saison holds 49%, and Ho Chi Minh City Securities Company holds 1%. The finance company's average return on average equity (ROAE) is currently above 22%, return on assets (ROA) is approximately 5-5,8%, cost-to-income ratio (CIR) is around 37%, and capital adequacy ratio (CAR) is over 24%.

In 2025, the company recorded an increase in outstanding loans of over 21% and achieved a pre-tax profit of 1,390 billion dong, its highest level to date. In the coming period, HD SAISON aims to maintain an ROE around 25% and an ROA of approximately 5%, while strictly controlling risks.

According to HDBank, this ownership increase occurs as Vietnam's consumer finance market enters a new growth cycle, driven by a population of over 100 million, improving incomes, and rising retail credit demand.

Quynh Trang