OCB to raise chartered capital to 3tr dong

Orient Commercial Joint Stock Bank (OCB) has got approval from the governor of State Bank of Vietnam (SBV) for raising its chartered capital to 3 trillion dong.
By the end of August, OCB reported gaining accumulative pre-tax profit of 225 billion dong.

In its business plan, by the end of 2011, the bank aims to obtain total assets value of 29.5 trillion dong, increasing by 7 trillion dong or 49.8 percent against the previous year, total raised capital of 23 trillion dong, up 50.9 percent while outstanding loans would surge by 19.9 percent and bad debt ratio to be limited at below 3 percent. OCB set target to reach whole year pre-tax profit of 500 billion dong. – Source: Vietbiz24.com

Tags: OCB, Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Oct 8 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry