Accordingly, from November 01 to December 31, 2022, HDBank will reduce its loan interest rates up to 3.5%/year for individual and corporate customers in different business lines, with an interest rate reduction of up to VND 120 billion.
HDBank is one of the leading banks committed to reducing VND lending interest rates for customers, in order to implement the policy of the National Assembly, the Government and the State Bank of Vietnam to support the Program of socio-economic recovery and development.
For individual customers, HDBank reduces interest rates for customers who borrow capital for production, business and agricultural and rural economy with the reduced interest rate of 0.5% - 3.5%/year. HDBank estimated that there would be 38,000 individual customers across the country with 45,000 interest rate-reduced loans.
For corporate customers, HDBank reduces interest rates by 0.5-2.5%/year for customers operating in the fields of import and export; in export processing zones - industrial parks; agriculture; transportation; small and medium; super small business customers; processing industry, manufacturing industry, tourism, education-training; information services; accommodation and catering. Accordingly, there will be more than 5,000 corporate customers across the country with nearly 10,000 interest rate-reduced loans.
Thus, there will be more than 43,000 individual and corporate customers across the country with 55,000 interest rate-reduced loans up to VND 120 billion. In addition, HDBank waives and reduces attached fees such as fee for capital withdrawal commitment, fee of early repayment for customers.
In 2020 and 2021, HDBank was a pioneer in the implementation of interest rate and service fee exemption and reduction programs for customers in a number of fields directly affected by the COVID-19 epidemic and for a group of customers in the area under lockdown, prolonged social distance according to Directive 16, with a total outstanding balance of VND 42,000 billion, corresponding to more than 18,000 customers.
HDBank's 2022 lending interest rate reduction is a meaningful action that continues to affirm HDBank's efforts in implementing the policies of the Government and the State Bank of Bank, contributing to the recovery and development of the economy.
Recently, HD SAISON - HDBank's consumer finance company also concluded a contract with the Vietnam General Confederation of Labor to deploy a preferential credit package of VND 10,000 billion for workers in industrial parks and factories nationwide. Accordingly, more than 1 million customers in 8 provinces and cities, including Dong Nai, Nghe An, Binh Duong, Long An, Bac Giang, Bac Ninh, Quang Nam, Da Nang and Ho Chi Minh City, have accessed to preferential loans. In the near future, HD SAISON will deploy this preferential loan package to workers in other provinces and cities.
At the end of the Third Quarter of 2022, HDBank recorded the high growth to all business targets. Capital adequacy reached 15.3% among banks with the highest capital adequacy and nearly twice as high as the minimum requirement of 8%; pre-tax profit in the first 9 months reached VND 8,016 billion, up 31.7% over the same period and completing 82% of the year plan. ROE reached 25.2%, ROA reached 2.2% and HDBank is among the leading banks in terms of efficiency. HDBank has demonstrated its ability to ensure safe and sustainable operations in parallel with high growth rates in both scale and quality.
