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Banking & Finance

OCB's FDI Banking a trusted financial partner

Released at: 16:36, 15/05/2017

OCB's FDI Banking a trusted financial partner

Photo: OCB

Bank's FDI Banking department focuses on international business with foreign companies.

by Quang Huy

With its breakthrough successes in 2016, the Orient Commercial Bank (OCB) has continued to implement strategic plans and recorded important achievements: securing high liquidity, ensuring excellent risk management, and fulfilling its core business activities with the establishment of a foreign direct investment banking department (FDI Banking) to secure its position in the market.

Established in November 2015, FDI Banking focuses on international business with foreign companies (non-Vietnamese companies). While there are plenty of banks to choose from, OCB’s FDI Banking offers corporate customers the experience, expertise, integrity, and customer-focused service they deserve.

As a growing business within OCB, FDI Banking provides top quality services to FDI corporate clients with tailor-made services and optimum solutions, through the bank’s expertise and honesty.

Moreover, FDI Banking offers highly competitive rates and terms and the diverse product range offers highly differentiated features and benefits to suit each and every company’s banking needs, covering various kinds of banking products, including short and mid-term USD/VND loans, international payments, foreign exchange transactions, trade-related financing, letter of credit (L/C) openings, negotiations, trade loans, cash flow management, guarantees, and internet banking, among others.

Whether the corporate customer imports or exports products, OCB can make it easier so that companies can concentrate on their business. Furthermore, whether customers want to start or grow their business or their companies need financial support, OCB will assist them with different financial solutions.

OCB has perfectly organized its structure with distinctive specializations and maximized the efficiency and productivity of its human resources. This is an important shift for the bank in improving its capacity to expand its market share and create tremendous value in each and every customer segment.

Aiming to become one of the best banks in Vietnam, OCB has always focused on building its management system towards transparency and ensuring safety. As one of the first banks to actively implement the Basel II standards, OCB has completed the first phase of its risk management project to bring itself closer to complying with international practices.

Moreover, following cooperative agreements with major technology corporations like Microsoft and Gartner, OCB is attempting to upgrade its comprehensive technology platform to become a modern bank.

“In this new strategic period, OCB will focus on exploiting short-term opportunities and developing its strategic competitiveness,” said CEO Nguyen Dinh Tung. “It will strive to expand market share, optimize and improve the quality of its balance sheet, reduce processing times for both operations and customer services, and apply international standards in risk management.”

As at December 31, the bank’s total assets stood at VND63.8 trillion ($2.8 billion), up 29 per cent against end-2015, total customer loans were VND39.6 trillion ($1.75 billion), up 35 per cent, and total deposits were VND46.2 trillion ($2 billion), up 57 per cent.

OCB’s FDI Banking is a trusted financial partner of many leading FDI enterprises in Vietnam and is determined to be different. 

(For inquiries or further information about FDI Banking, please contact Mr. Mintae Kim, Head of FDI Banking, via email at mintaekim@ocb.com.vn.)

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