Shrewd activities resulting in banking bonuses for 2021

Shrewd activities resulting in banking bonuses for 2021

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.
IFC provides $100 million loan to OCB to support SMEs and climate-friendly projects

IFC provides $100 million loan to OCB to support SMEs and climate-friendly projects

IFC will provide a $100 million long-term loan to Vietnamese lender OCB to expand lending to SMEs and boost financing, especially for climate-friendly projects.
Japanese lender Aozora Bank supports Vietnam's COVID-19 vaccine fund

Japanese lender Aozora Bank supports Vietnam's COVID-19 vaccine fund

Aozora Bank yesterday donated ¥5 million ($44,930) to the Vietnamese Embassy in Japan to support the Vietnamese government's COVID-19 vaccine fund.
OCB to increase charter capital and potentially lift FOL

OCB to increase charter capital and potentially lift FOL

The SBV has approved OCB to increase its charter capital to nearly $119.13 million by issuing nearly 274 million shares, with a dividend rate of 25 per cent.
Lenders on course to reach 2021 targets

Lenders on course to reach 2021 targets

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.
OCB officially goes public on HSX

OCB officially goes public on HSX

Saigon-based commercial bank OCB officially went public on the HSX on January 28, also being the first bank stock to be listed this year.
IFC loans to VPBank and OCB to boost finance for local businesses

IFC loans to VPBank and OCB to boost finance for local businesses

The IFC is providing $140 million in loans to VPBank and OCB to local businesses with disrupted cash flows sustain operations and maintain employment.
Japan's Aozora Bank to buy into Vietnamese lender

Japan's Aozora Bank to buy into Vietnamese lender

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.
OCB borrows $100 million from IFC

OCB borrows $100 million from IFC

OCB plans to use an IFC loan to finance lending to smaller businesses and promote innovative finance to improve supply chain linkages in Vietnam.
Agribank divests OCB

Agribank divests OCB

Agribank has just announced withdrawing its capital from Orient Commercial Bank (OCB) by auctioning off its shareholding.
Vietcombank continues quest to divest OCB

Vietcombank continues quest to divest OCB

Vietcombank is en route to auction over 6.6 million of Orient Commercial Bank (OCB)'s stakes on April 17, at the starting price of VND13,000 ($0.59) per share.