Former HSBC Vietnam CEO to run mid-sized bank OCB

Former HSBC Vietnam CEO to run mid-sized bank OCB

Pham Hong Hai, former CEO of HSBC Vietnam, has been appointed acting general director of Ho Chi Minh City-based Orient Commercial JS Bank (OCB).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Private lender OCB targets 66% rise in 2024 pre-tax profit

Private lender OCB targets 66% rise in 2024 pre-tax profit

Vietnam’s Orient Commercial Bank (OCB) is targeting a pre-tax profit of nearly VND6.9 trillion ($274 million) this year, an increase of 66% from 2023.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Germany’s DEG to provide $55 mln loan to back Vietnam lender OCB’s SME portfolio

Germany’s DEG to provide $55 mln loan to back Vietnam lender OCB’s SME portfolio

DEG, the German government’s investment arm, has committed a $55 million loan for Vietnam’s Orient Commercial Joint Stock Bank, or OCB.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Large offshore loans fuel Vietnamese banks, firms

Large offshore loans fuel Vietnamese banks, firms

Major international financial institutions have been providing several Vietnamese banks and companies with large loans to bolster their growth.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

IFC seeks to channel $320 mln into 3 Vietnamese banks

IFC seeks to channel $320 mln into 3 Vietnamese banks

The World Bank Group’s investment arm IFC has proposed investments totaling $320 million in three Vietnamese banks to support their loan portfolios for small and medium-sized enterprises (SMEs) and housing finance.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

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