04-04-2024 15:14
The banking sector has witnessed an inspiring profit picture in the first quarter of this year as the economic rebound takes a stronger foothold.
03-04-2024 15:15
Nam A Bank passed its plan for its dividend payout at its AGM on March 29, at a ratio of 25 per cent in the form of shares, to bolster its financial standing. The bank aims to raise its charter capital to nearly $571 million this year, before reaching $675 million by 2025.
01-03-2024 09:38
International Finance Corporation (IFC), a member of the World Bank Group, is considering investment of up to $150 million in Vietnam-based OCB.
05-01-2024 16:48
Ho Chi Minh City-based lender Sacombank became the first bank to make its 2023 business results public last December, with an estimated pre-tax profit of $400.8 million, a 50 per cent jump on-year. Its total deposit volume surpassed $24.2 billion and its outstanding balance touched $20.5 billion.
08-09-2023 12:08
The Orient Commercial Joint Stock Bank (OCB) has secured a $55 million loan from Germany's DEG, targeting support for SMEs, especially those led by women, to lift Vietnamese living standards.
12-06-2023 18:16
Explore the intriguing dynamics of Vietnam's private banks, such as Techcombank, TPBank, LPBank, OCB, SHB, ACB, and SeABank, where family members of top executives wield significant influence and play key roles in shaping the institutions' operations and strategies.
07-06-2023 16:21
Banks expect to rely more on non-interest income sources in the face of the credit expansion slowdown and challenging business environment to see any considerable profit growth this year.
23-05-2023 17:06
Vietnam's Orient Commercial Joint Stock Bank (OCB) has just secured a substantial loan of $100 million from the prestigious International Finance Corporation (IFC).
06-05-2023 12:10
Several banks have posted low profit growth in the first quarter (Q1) of this year, with some even seeing negative growth, mostly due to a spike in non-performing loans (NPLs), leading to soaring provisioning costs.
22-02-2022 13:16
Top bank leaders have discussed their development trajectories for the new year to successfully meet all economic goals set for 2021-2025.
30-07-2021 13:46
Despite the unexpected turbulence from public health challenges, privately-held commercial banks in Vietnam are enjoying stellar profit bonanzas thanks to their full suite of minted financial services, alongside cost-effective drives and debt rescheduling roadmaps.
09-07-2021 23:58
To facilitate greater private sector contribution to green and sustainable growth in Vietnam, International Finance Corporation (IFC) will provide a $100 million long-term loan to Vietnamese lender Orient Commercial Joint Stock Bank (OCB) to expand lending to small- and medium-sized enterprises and boost financing, especially for climate-friendly projects in the country.
02-07-2021 14:00
Japanese lender Aozora Bank yesterday (July 1) donated ¥5 million ($44,930) to the Vietnamese Embassy in Japan to support the Vietnamese government's COVID-19 vaccine fund.
14-06-2021 12:01
The State Bank of Vietnam (SBV) has approved Orient Commercial Bank (OCB) to increase its charter capital to nearly VND2.74 trillion ($119.13 million) by issuing nearly 274 million shares, with a dividend rate of 25 per cent.
13-05-2021 08:00
Favourable legislation from the Vietnamese government, stronger demand for credit, and more affordable cost of capital after policy rate cuts have provided a shot in the arm for banks’ profit.