HDBank has received the Green Deal Award from the Asian Development Bank in Singapore. - Photo courtesy of HDBank
HCM CITY — HDBank has recently been awarded the Green Deal Award by the Asian Development Bank in Singapore, making this the first time a Vietnamese participating financial institution of ADB has won this award.
The Green Deal Award was introduced this year by ADB to honour banks with notable achievements in green finance that are a part of ADB's Trade Finance Programme, a global finance programme that provides guarantees and loans to 240 worldwide partner banks, with the goal of supporting small and medium-sized enterprises.
Hundred of millions of dollars worth of trade finance for solar-powered projects have been made through HDBank transactions, contributing to the growth of green businesses and the realisation of renewable energy development strategy in the country.
HDBank is one of the few Vietnamese banks that are part of the programme, which requires that banks satisfy ADB's requirements on operational efficiency, financial health and risk management, among others.
The bank is focusing on green banking and identified green credit as a current trend, in which businesses not only care for business performances but also environmental impact.
HDBank have also received numerous awards in the past, including the Labour Order 2nd Class, Best Managed Company in Asia and Top 6 Profitable Listed Banks. VNS