After multiple prestigious local and international prizes, HCM City Development Joint Stock Commercial Bank (HDBank) has received the MT202 and MT103 STP (Straight-Through Processing) awards from J.P Morgan Chase Bank for its high-quality international payment services meeting global standards.
Accordingly, HDBank wins the two awards from J.P Morgan Chase Bank, the United States’ largest bank in terms of assets, as it has achieved straight-through payment rate of 99.94 percent and 98.7 percent of MT202 and MT103, respectively. The awards have cemented HDBank’s top position among banks with best straight-through payment rates in the Asean region in particular and in the world in general.
This is the second time HDBank has won the MT202 award and the first time it has received the MT103 award.
The two awards have contributed to affirming HDBank’s international payment service quality and modern technology. Customers’ international payment transactions via HDBank have been conducted quickly, accurately, economically and safely.
In addition, the two awards from J.P Morgan Chase Bank have demonstrated efforts of HDBank’s international payment employees in improving the quality of its services to meet the demands of customers worldwide, helping HDBank meet international standards.
Besides HDBank, some other banks have received the awards, such as Vietcombank, BIDV, VietinBank, ACB, Eximbank, ANZ and Shinhan Bank.
After nearly 30 years of development, HDBank is currently a large bank in Vietnam with a high growth rate. As of September 30, its total asset value had reached over VND217.2 trillion, a 22-fold increase over the last decade.
Its pre-tax profit had hit VND3.4 trillion, while the bad debt ratio had been kept at 1.1%, the lowest level in the local banking sector.
In addition, the bank’s return on equity (ROE) and return on assets (ROA) had been 20.2 percent and 1.7%, respectively, placing it among banks with the highest returns in Vietnam.
With strong financial capability and effective risk management capacity, HDBank has got the State Bank of Vietnam’s approval for the implementation of Basel II regulations from October 1, 2019. Its capital adequacy ratio (CAR) was 11 percent on September 30.
HDBank also owns an ecosystem for airline, banking, consumer lending and retail development. It currently has nearly 300 banking transaction points and 15,000 financial transaction outlets nationwide and has built relations with more than 400 large financial institutions worldwide.
