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Fitch Ratings assigns first-time credit rating to HDBank, recognises its strong financial profile
The agency assigned HDBank long-term foreign- and local-currency issuer default ratings (IDRs) of ‘BB-‘ with a “Stable outlook” and a Viability Rating of ‘bb-‘, the highest Viability Rating for Vietnamese banks.
The BB- rating is one notch above the B1 rating previously assigned by Moody’s, reflecting HDBank’s steady progress in strengthening its financial position and credit quality.
Fitch said the ratings reflect the Bank’s strong profitability, stable funding base and growing position in Vietnam’s banking sector, while the country’s favourable economic outlook is expected to continue supporting banking industry performance.
The agency highlighted HDBank’s sustained growth in total assets and lending, alongside its expanding market share in the retail banking and small and medium-sized enterprise segments.
It expects the bank to maintain profitability above the sector average, supported by healthy net interest margins, strong operating efficiency and one of the strongest capital positions among Vietnamese banks.
Fitch also noted that HDBank’s shareholder-approved capital raising plans will further strengthen its capital buffers and support medium- and long-term growth, while the newly assigned credit rating is expected to improve the bank’s access to global capital markets, diversify funding sources and lower funding costs.
Earlier this year, Moody’s upgraded HDBank’s outlook from “Stable” to “Positive”, citing improvements in financial strength, asset quality and growth prospects.
In the first quarter of 2026, HDBank reported pre-tax profit of VND6.107 trillion (US$232.1 million), up 14% year-on-year.
Its return on equity (ROE) remained among the highest in the banking sector at 24.29%, while its Basel II capital adequacy ratio stood at 16.2%, more than double the regulatory minimum of 8%.
As of March 31, total assets topped VND984.2 trillion (US$37.5 billion), up 5.7% from the end of 2025.
The Bank maintained a loan-to-deposit ratio below 70%, while other key liquidity indicators, including the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR), all exceeded Basel III minimum requirements.
Hashtag: #HDBank #HDB
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Louis Vuitton Celebrates 130 Years of the Monogram
The issuer is solely responsible for the content of this announcement.
Louis Vuitton Taiwan
Between a craftsman’s exceptional technique, and a designer’s vision and inventiveness, Louis Vuitton Taiwan offers its expertise to bring elegance and distinctiveness to its creations: shoes, watches, leather goods, ready-to-wear, jewelry and accessories.
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Xsolla and Management and Science University (MSU) Sign Memorandum of Understanding (MOU) to Connect Future Game Developers With Global Commercial Opportunities
Collaboration Provides Students Access To Xsolla’s Publishing Suite And Launcher, Bridging Academic Learning With Commercial Game Development Practices
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 July 2026 – Xsolla, a leading global video game commerce company, today announced the signing of a Memorandum of Understanding (MoU) with Management and Science University (MSU), one of Malaysia’s leading private universities, to strengthen collaboration between academia and the video games industry while providing students with access to professional publishing, monetization, and distribution technologies.
The partnership is designed to support knowledge exchange and talent development across game development, digital commerce, and game monetization. Through industry talks, guest lectures, best-practice sharing sessions, and collaborative educational initiatives, Xsolla and MSU will work together to provide students and faculty with direct exposure to current industry practices and commercial opportunities in the global games market.
As part of the collaboration, Xsolla will facilitate access to its end-to-end game commerce ecosystem across its payments, monetization and distribution platforms. Students will be able to integrate professional-grade publishing, monetization, payment, and distribution capabilities into their projects, helping bridge the gap between academic learning and commercial game development.
“Today’s game developers need more than technical skills; they need to understand the complete business of bringing games to market,” said Chris Hewish, President of Xsolla. “Our partnership with MSU gives students access to the technologies, workflows, and commercial infrastructure used throughout the industry, helping prepare the next generation of developers to successfully launch and grow their games on a global scale.”
MSU is recognized as one of Malaysia’s leading private universities and is ranked #597 in the QS World University Rankings 2026. Through strategic industry partnerships and experiential learning programs, the university continues to connect studios with real-world opportunities across Information Sciences, Engineering, Technology, and related disciplines.
In addition to educational initiatives, Xsolla will participate in selected MSU convocation activities by presenting industry awards to recognize outstanding graduates. Both organizations will continue to explore additional collaborative opportunities that support talent development, innovation, and growth within Malaysia’s interactive entertainment ecosystem.
To learn more about the MoU signing between Xsolla and Management and Science University (MSU), visit: https://xsolla.pro/MSU
Hashtag: #Xsolla #ManagementAndScienceUniversity #MSU
The issuer is solely responsible for the content of this announcement.
About Xsolla
Xsolla is a global commerce company that builds and provides all the things developers need to launch, grow, and monetize video games. Headquartered in Los Angeles, California, the company supports studios of every size, from indie to AAA, with solutions across direct-to-consumer commerce, intelligent payments, entertainment-based IP, and player engagement products. Xsolla helps developers fund, distribute, market, and monetize their games at scale. Trusted by more than 60% of the top 100 highest-grossing games, Xsolla operates as the merchant of record across 200+ geographies with access to over 1,000+ local payment methods worldwide. Grounded in a deep belief in the future of gaming, Xsolla is resolute in bringing opportunities together and unlocking growth for creators everywhere.
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Hong Kong SMEs Accelerate Transformation as AI and Northern Metropolis Unlock New Opportunities, Dah Sing Bank Survey
Capability and Resource Gaps Limit Growth Potential As Firms Explore the New Economy
HONG KONG SAR – Media OutReach Newswire – 15 July 2026 – Dah Sing Bank, Limited (“Dah Sing Bank”) revealed in its latest SME Survey that Hong Kong SMEs are accelerating digital and business transformation, actively exploring opportunities arising from artificial intelligence (AI) and developments in the Northern Metropolis, and seeking new growth drivers in the evolving economic landscape.
Dah Sing Bank remains committed to staying close to the needs of SMEs and understanding the challenges and directions of their business transformation journey. To gain deeper insights into these trends, the Bank commissioned a survey[1] in May 2026 through a major local media outlet, interviewing over 340 Hong Kong SMEs to understand how businesses are navigating current challenges and evolving strategies, while examining their plans and needs in areas such as AI adoption, Northern Metropolis opportunities and business upgrading.
Transformation Gains Momentum
The Survey shows that around 23% of enterprises have already adopted AI or generative AI (GenAI) in their operations, while a further 32% plan to do so within the next one to two years, indicating a growing transformation momentum. At the same time, nearly 70% of respondents believe that developments in the Northern Metropolis and the Hetao-Hong Kong Science Park are relevant to their future businesses, reflecting strong interest in participating in the evolving new economy.
AI Adoption Still at an Early Stage
In terms of AI applications, SMEs are currently focusing on relatively accessible use cases such as marketing and content creation (56%) and customer service (42%), with some also applying AI in sales support (35%) and data analysis (30%).
In contrast, adoption remains limited in more advanced areas such as process automation or workflow improvement (14%), suggesting that overall AI usage among SMEs is still at an early stage and has yet to be fully integrated into core business operations.
Capability Gaps Limit Transformation
The Survey also highlights significant challenges in advancing AI adoption. Around 45% of SMEs have yet to implement AI technologies, with more than half citing a lack of relevant knowledge or skills (57%) as a key barrier. In addition, 38% pointed to unclear return on investment, while others indicated the absence of suitable use cases (29%) or insufficient time and resources to explore further (24%).
These findings suggest that gaps in capabilities, resource allocation and application planning remain major constraints on SMEs’ ability to scale up transformation initiatives.
Business Models and Talent Needs Evolve
SMEs are also advancing their digitalisation efforts, with widespread adoption of social media marketing (51%), e-commerce platforms (43%) and electronic payment solutions (50%), reflecting a shift towards more flexible, multi-channel business models.
As AI adoption gradually expands, workforce requirements are also evolving. About one-quarter of respondents indicated that AI would shift employees towards higher value-added roles, while around one in five expect increased demand for new skills and talent. This suggests a gradual transition towards more knowledge- and technology-driven operating models.
Northern Metropolis Opens New Opportunities
Regarding developments in the Northern Metropolis and the Hetao-Hong Kong Park, SMEs generally prefer to participate as service providers and supporting partners within the broader ecosystem. This includes offering specialised services or solutions to companies in the area (44%), collaborating with research institutions or technology firms (29%), and participating in pilot projects or proof-of-concept programmes (25%).
In addition, some SMEs plan to provide products and services to future residents, businesses and workers in the district (51%), or take part in construction and infrastructure-related supply chains (36%). These responses indicate that SMEs are actively identifying entry points aligned with their strengths to integrate into emerging industry ecosystems.
Dah Sing Bank Supports SMEs Transformation
To address the challenges of transformation, Dah Sing Bank recognises that SMEs not only need financial support but also practical and clear directional guidance. The Bank adopts a holistic approach, offering flexible financing solutions to meet evolving business needs, while streamlining digital banking processes and enhancing cross-border financial services to improve SMEs’ operational efficiency and agility.
In addition, Dah Sing Bank places strong emphasis on equipping SMEs with relevant market insights and practical knowledge. These initiatives include providing the latest market trends and business tips via the Bank’s online educational platform, the “SME Info Hub”. Additionally, the Bank organises tailored SME seminars through its “328 Business School” educational platform on various topics such as AI technology and digital marketing. Together, these efforts aim to help businesses deepen their understanding of emerging technologies and market developments, enabling them to navigate an increasingly dynamic economic landscape.
Dah Sing Bank Deputy Chief Executive, Senior Executive Director and Head of Group Personal Banking, Ms Phoebe Wong, said: “The Survey shows that Hong Kong SMEs are increasingly exploring AI applications and opportunities in the new economy. However, many businesses continue to face challenges in technology adoption and resource allocation. Dah Sing Bank has long been a trusted partner to SMEs on their transformation journey. Beyond providing flexible financing solutions, we are committed to offering market insights and a range of value-added services that help businesses strengthen their understanding of new technologies and market trends, equipping them with the relevant capabilities. By combining financial services with real-world support, we aim to empower SMEs to capture opportunities arising from AI and the Northern Metropolis, and to achieve sustainable growth.”
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The issuer is solely responsible for the content of this announcement.
About Dah Sing Bank
Dah Sing Bank, Limited (the “Bank”) is a wholly-owned subsidiary of Dah Sing Banking Group, Limited (HKG:2356). Founded in Hong Kong over 75 years ago, the Bank has been providing quality banking products and services to its customers with a vision to be “The Local Bank with a Personal Touch”. Over the years, the Bank has been rigorous in delivering on its brand tagline to grow with its customers in Hong Kong, the Greater Bay Area and beyond – “Together We Progress and Prosper”. Building on our experience and solid foundation in the industry, our scope of professional services now spans retail banking, private banking, business and commercial banking. Meanwhile, the Bank is also making significant investments in its digital banking capabilities to stay abreast with smart banking developments in Hong Kong and to support financial inclusion at large.
In addition to its Hong Kong banking operations, the Bank has wholly-owned subsidiaries including Dah Sing Bank (China) Limited, Banco Comercial de Macau, S.A., and OK Finance Limited. It is also a strategic shareholder of Bank of Chongqing with a shareholding of about 13.5%. Dah Sing Bank and its subsidiaries now have 63 operating locations in Hong Kong, Macau and Chinese Mainland.


