OCB eyes spot among 5 best private bank in Việt Nam

OCB eyes spot among 5 best private bank in Việt Nam

HCM CITY — Orient Co妹妹ercial Joint Stock Bank wants to become one of the top five private banks in Việt Nam, its chairman, Trịnh Văn Tuấn, has said.

Speaking at the bank’s re-listing road show in HCM City last week, he told prospective investors the bank was set to increase its profits, assets and charter capital by  二0-  二 五 per cent annually. 

“Priority customer segments, sustainable growth, improving asset quality through an international standard risk management system, and optimising technology and digital banking platforms to drive growth and efficiency are our main focuses.”

OCB said it planned to list over  一 billion shares on the HCM City Stock Exchange on the  二 八th of this month at a minimum price of VNĐ 二 二, 九00, taking its market capitalisation to nearly  二 六 trillion (US$ 一. 一 billion) and ranking it in the top  三0 on the exchange.

It restructured in  二0 一 一- 一 五 with a focus on strengthening operations and risk management. 

From being a mid-level bank, it climbed to the top of the private bank group in terms of growth, safety and efficiency.

It has steadily maintained high profit growth, increasing it from less than VNĐ 五00 billion ($ 二 一. 六 million) as of  二0 一 五 to VNĐ 四. 四 trillion ($ 一 九0 million) by  二0 二0.

Its assets grew from VNĐ 四 九. 四 trillion to VNĐ 一 五 二. 七 trillion in the period.

In  二0 一 七 it became the first bank to achieve Basel II norms in Việt Nam.

One of the main focuses of OCB is digital transformation. — VNS