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.
 |
| 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.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Vietnam’s economy on track for 6.5 per cent growth despite Typhoon Yagi, says HSBC (October 01, 2024 | 16:46)
- Vietnam urges China to expand market access for agricultural products and strengthen trade ties (October 01, 2024 | 16:42)
- IMF predicts Vietnam's economic growth to reach 6.1 per cent in 2024 (September 30, 2024 | 18:26)
- Deli Group breaks ground on $270 million factory in Hai Duong (September 30, 2024 | 18:17)
- Government considering tax on multiple properties (September 27, 2024 | 20:17)
- Accuracy more vital than ever in dawn of AI (September 26, 2024 | 20:44)
- Vietnam remains attractive destination for US businesses (September 26, 2024 | 20:23)
- New innovation centre inaugurated during HEF 2024 (September 25, 2024 | 09:00)
- China's Geely to build $168 million automobile facility with Tasco in Thai Binh (September 24, 2024 | 19:03)
- Spate of claims made in typhoon aftermath (September 19, 2024 | 17:00)
Latest News
Mobile Version