Hochiminh Development Joint Stock Commercial Bank (HDBank, coded HDB) has just announced to issue one trillion dong medium and long term bonds to increase Tier 2 capital in 2018.
A month ago, the bank also announced to issue five trillion dong bonds to increase capital.
Recently, the bond issuance to increase Tier 2 capital has been one of the methods chosen by banks to increase equity following the requirement of Circular No.36/2014/TT-NHNN on limitations and capital safety ratios.
A week ago, Vietinbank also said it will issue four trillion dong bonds to increase Tier 2 capital. In 2017, the bank also issued as much as 4.2 trillion dong bonds.
In the first five months of 2018, HDBank said the credit growth of the bank reached more than 14 percent. HD Saison consumer finance company alone served more than 3.9 million customers, up 151.9 percent from the same period last year.
With PGBank’s merger in the near future, the bank will raise 2018 profit target to more than 4.712 trillion dong instead of 3.933 trillion dong without this deal.
