French bank buys 20 pct stake in OCB
The State Bank of Vietnam has allowed the Orient Commercial Joint Stock Bank (OCB) to sell a 20 per cent stake to France’s BNP Paribas bank.
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| Orient Commercial Joint Stock Bank (OCB) |
BNP Paribas has become OCB’s strategic shareholder since it acquired a 10 per cent stake of this bank in 1997.
OCB was founded in Ho Chi Minh City in 1996. It now has a total charter capital of VND3.14 trillion.
As one of leading European groups in the field of finance and banking, BNP Paribas is also among the world’s 15 largest banks in terms of scale and capital.
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