HDBank completes 1.501 billion-share issue for HDBank stock

Published on 10/19/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HDBank stock adds 30 percent more shares after the October 12, 2026 record date. VDSC sees third-quarter pretax profit at VND 6,600 billion, up 39 percent.

Capital expansion and earnings test

HDBank completed a 1.501 billion-share issuance on October 16, 2026.
VDSC forecast third-quarter 2026 pretax profit of VND 6,600 billion, up 39 percent year over year, on October 15, 2026.
HDBank's market capitalization stood at VND 144.1 trillion on October 16, 2026.

HDBank, VN000000HDB1, Illustration mit AI erstellt.

HDBank (ISIN VN000000HDB1) completed a 1.501 billion-share issuance that lifted registered capital to VND 65.069 trillion, according to Nhip Song Kinh Doanh on October 16, 2026. The enlarged equity base now meets a forecast for continued profit growth, while credit quality remains an important counterweight.

Three capital milestones

On October 1, 2026, VSDC set October 12, 2026 as the record date for a 25 percent stock dividend and a 5 percent capital issuance. On October 12, 2026, HDBank completed distribution of 1.251 billion dividend shares and 250 million additional shares, according to Nhip Song Kinh Doanh. On October 16, 2026, the bank reported registered capital of VND 65.069 trillion, compared with VND 50.053 trillion before the issuance, in the same report.

What does the capital raise mean?

The completed distribution increased outstanding shares to 6.51 billion from more than 5 billion, while a proposed private placement could add up to 700 million shares during 2026 and 2027, Nhip Song Kinh Doanh reported. If all three measures are completed, registered capital could reach VND 72.069 trillion. The proceeds are intended to support medium- and long-term lending.

The earnings test is substantial. Bao Moi reported on October 15, 2026 that VDSC forecast third-quarter 2026 pretax profit at VND 6,600 billion, up 39 percent from the prior year but down 7 percent from the previous quarter. VDSC also projected third-quarter net interest income of VND 9.989 trillion, up 29 percent year over year, while net interest margin was forecast at 3.90 percent, down 0.36 percentage points from the prior year.

Share transfer window ahead

The newly issued shares are expected to reach shareholders between the fourth quarter of 2026 and the first quarter of 2027 after the required procedures, according to Nhip Song Kinh Doanh. That timing places the capital increase alongside the bank's projected third-quarter earnings cycle.

Capital and earnings remain linked

HDBank's market capitalization stood at VND 144.127 trillion at the end of the October 16, 2026 morning session. The combination of VND 65.069 trillion in registered capital and a VND 6,600 billion third-quarter profit forecast gives investors two measurable markers for assessing the expansion.