A Bank Approved by SBV to Increase Charter Capital by Nearly 3.5 Trillion VND

Ho Chi Minh City Development Commercial Bank (HDBank) has received approval from the State Bank of Vietnam (SBV) to increase its charter capital by 3.493 trillion VND, primarily through the issuance of shares to convert bonds. This move implements a plan approved by the General Meeting of Shareholders. HDBank has completed the issuance of over 349 million shares, raising its charter capital to over 38.594 trillion VND. Institutional shareholders, including Sky Capital Advisor Pte. Ltd, converted bonds, increasing foreign ownership in HDBank from 16.569% to 24.149%. As of October 14, HDBank’s stock price was 32,650 VND/share, up over 30% since the beginning of the year. In the first half of 2025, HDBank reported a pre-tax profit of over 10 trillion VND, a 26% increase year-on-year, while total assets reached 784 trillion VND, with credit growth of 18.2%.