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.
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.
Japan's Aozora Bank plans to take a 15 percent stake in Vietnam’s Orient Commercial Joint Stock Bank (OCB) in April 2020, marking its first overseas deal since 2001.
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.
The Orient Commercial Joint Stock Bank (OCB) has successfully issued shares worth more than 900 billion VND (over 39.6 million USD) to increase its chartered capital.
Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands.
Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment this year.
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.
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.
The Asian Development Bank (ADB) and the Orient Commercial Joint Stock Bank (OCB) on June 15 signed an agreement under which the ODB will join the ADB’s Trade Finance Programme (TFP).
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