HDBank and Dai A Bank

Abstract

HDBank was established in Aug. 1992 as a joint-stock commercial bank. Its first name was HCMC Housing Development Bank which was charged with mobilizing capital and financing construction of houses in the city. In 2007, HDBank suddenly grew 3.4 times in terms of total assets. The growth came from interbank financing up to VND8.1 trillion compared to VND1.2 trillion in 2006. The following year in 2008, as HDBank reduced its interbank borrowing, the bank's lending and securities investment also dropped. From 2009 onward, HDBank grew fast and steadily, with charter capital grew from VND1.55 trillion to VND2 trillion in 2000, and from VND3 trillion in 2011 to VND5 trillion in 2012.