Local banks earn high profits in the first quarter of 2021

In the first quarter of this year, all local banks reported high profit growth amid the impact of the COVID-19 pandemic. However, the profit growth does not reflect the complete economic picture, according to banking insiders.

HDBank profit up 67.8% in Q1, income from services doubles

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – ticker symbol: HDB) said its estimated consolidated pre-tax profit for the first quarter tops VNĐ2 trillion (US$86.1 million), an increase of 67.8 per cent year-on-year.

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