IFC helps boost green credit in Vietnam Business

IFC helps boost green credit in Vietnam

The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.
Digital banks help promote cashless payment Business

Digital banks help promote cashless payment

Currently, the OCB OMNI system deals with about 50,000 transactions a day, including money transfer, receipt payment, and mobile service payment, three times higher than the figure recorded at late 2019.
OCB reports 1.12 trillion VND in pre-tax profits in H1 Business

OCB reports 1.12 trillion VND in pre-tax profits in H1

The Orient Commercial Joint Stock Bank (OCB) earned almost 1.12 trillion VND (48.22 million USD) in pre-tax profits in the first half of 2019, with net revenue from business operation reaching over 2.74 billion VND, equivalent to 106 percent of the result in the same time last year.
First Vietnamese bank completes Basel II project Business

First Vietnamese bank completes Basel II project

The Orient Commercial Joint Stock Bank (OCB) has become the first Vietnamese bank to complete the implementation of a Basel II project, equipping it with the infrastructure of a modern and safe bank that meets capital, supervisory review and transparency requirements.
OCB becomes pioneer in anti-money laundering Society

OCB becomes pioneer in anti-money laundering

The Orient Commercial Joint Stock Bank (OCB) has partnered with Fintek Company and Tess International Company in an anti-money laundering project under an agreement signed on November 9.