Orient Commercial Joint Stock Bank

From Wikipedia, the free encyclopedia
Orient Commercial Joint Stock Bank (OCB)
TypeJoint Stock Bank
IndustryFinancial services
FoundedJune 10, 1996
Headquarters45 Le Duan Boulevard, District 1, Hochiminh City, Vietnam
Area served
Vietnam
Key people
Trinh Van Tuan, Chairman of the BOD
ProductsDeposits services, Loans services, Remittance services, Account service, International settlement
Number of employees
1,539
Websitewww.ocb.com.vn/vi

The Orient Commercial Joint Stock Bank (also known as Oricombank[1] and OCB,[2] Vietnamese: Ngân hàng Phương Đông) is a large bank located in Vietnam.[3] Its Swift code is ORCOVNVX.[4]

As of April 2007, 10% of Oricombank was owned by BNP Paribas, a French banking group.

On August 26, 2009 OCB agreed to increase[5] steadily share ownership for BNP Paribas from 10% to 15% and to 20% after the approval of the State Bank of Vietnam and the Government.

In December 2017, BNP Paribas has sold all 74.7 million shares in OCB and is no longer a shareholder.[6]

In January 2020, Aozora Bank of Japan purchased a 15% stake in OCB.[7]

On January 28, 2021, OCB started trading on the Ho Chi Minh Stock Exchange under the ticker OCB.[8]

Key shareholders[]

  • Aozora Bank
  • Ben Thanh Group
  • Financial committee of Ho Chi Minh City local Communist Party
  • Vietcombank
  • Saigon General Service Corporation ()

Branch/Transaction Office network[]

Up to July 27, 2010, there was a network of Oricombank present in 17 provinces and cities throughout Vietnam, including:

  • 1 head office
  • 1 central transaction office
  • 24 branches
  • 46
  • 4

Staff[]

By the end of 8/2010 total head count of Oricombank is 1,539 people.

Milestones[]

  • 01/10/2010 : OCB joins hands with Liberty.
  • 24/05/2010 : OCB completed the data conversion and put T24 Core Banking System in use in the whole bank
  • 10/03/2010 : Cooperation signing ceremony between OCB – Diebold[9]
  • 29/12/2009  : Increased charter capital to VND 2.000 billion
  • 13/11/2009 : Within the framework of Vietnam – France Entrepreneur forum which was organized by the France Embassy in cooperation with VCCI in Hanoi, Orient Commercial Bank (OCB) has signed memorandum of understanding in regard to the increase of capital contribution of BNP Paribas (France) in OCB to 20% in the appropriate time in the year 2010 and following the approval of the State Bank of Vietnam and the Government
  • 16/09/2009 : OCB and Ernst & Young Vietnam has officially signed a contract to provide support services to perfect the system of
  • 26/08/2009 : Orient Commercial Bank signed agreement with BNP Paribas to increase OCB’s capital contribution from 10% to 15%
  • 05/02/2009 : OCB started the implementation of Core Banking System Project
  • 30/12/2008 : Increased charter capital to VND 1,474,477
  • 19/12/2008 : Signing ceremony for the implementation of core banking system between OCB and Temenos
  • 28/02/2008 : Strategic alliance between Orient Commercial Bank - BNP Paribas was signed in Paris, France[10]
  • 29/12/2006 : Increased charter capital to VND 567 billion
  • 20/12/2005 : Increased charter capital to VND 300 billion
  • 06/06/2005 : Launched
  • Participated in of Western Union
  • Participated in Society for Worldwide Interbank Financial Telecommunication (SWIFT)
  • 10/06/1996 : Orient Commercial Joint Stock Bank (OCB) was granted license of operation in 13/04/1996 with initial charter capital of VND 70 million by the State Bank of Vietnam

See also[]

External links[]

References[]

  1. ^ Introduction Oricombank
  2. ^ "OCB Selling Stake To BNP Paribas", Business Week, 2009-04-28
  3. ^ "Orient Commercial Joint Stock Bank; Company Overview", Business Week, February 25, 2010, retrieved February 25, 2010
  4. ^ Inward remittance from oversea to Vietnam
  5. ^ Agreement signing ceremony to increase capital participation of BNPP (france) to OCB, August 26, 2009
  6. ^ "BNP Paribas divests entire stake from the Orient Commercial Bank | E.TheLEADER". 18 January 2018.
  7. ^ "Japan's Aozora Bank to acquire 15% stake in Vietnam's OCB Bank". www.spglobal.com. Retrieved 2022-02-10.
  8. ^ VIR, Vietnam Investment Review- (2021-01-31). "OCB officially goes public on HSX". Vietnam Investment Review - VIR. Retrieved 2022-02-10.
  9. ^ OCB invests US$1.7 mil. to develop bank card network, 10/03/2010 {{citation}}: Check date values in: |date= (help)
  10. ^ BNP Paribas and Vietnamese-based bank Orient Commercial Joint-Stock Bank formalise their alliance, 2008-02-28
Retrieved from ""