Orient Commercial Joint Stock Bank
Encyclopedia
Orient Commercial Joint Stock Bank (also known as Oricombank, and OCB
) is a large bank
located in Vietnam
.
Swift code: ORCOVNVX.
As of April 2007, 10% of Oricombank was owned by BNP Paribas
, a French banking
group.
August 26, 2009 OCB agreed to increase 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
.
. Orient Commercial Bank set the target to become one of the top ten Vietnam
ese Joint Stock banks in 2015, and mature into a Financial group in 2020.
of Oricombank presents in 17 Provinces and Cities throughout in Vietnam
including:
) is a large bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
located in Vietnam
Vietnam
Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
.
Swift code: ORCOVNVX.
As of April 2007, 10% of Oricombank was owned by BNP Paribas
BNP Paribas
BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
, a French banking
Banking in France
The Banking industry in France has, as of 11 October 2008, an average leverage ratio of 28 to 1 and its short-term liabilities are equal to 60% of the French GDP or 128% of its national debt....
group.
August 26, 2009 OCB agreed to increase steadily share ownership for BNP Paribas from 10% to 15% and to 20% after the approval of the State Bank of Vietnam
State Bank of Vietnam
The State Bank of Vietnam is the central bank of Vietnam.-History:When French Indochina was under French rule, the colonial government governed the Indochinese monetary system through Indochinese Bank, which also acted as a commercial bank in French Indochina...
and the Government
Government
Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...
.
Direction
We aim to develop Orient Commercial Bank into a universal bank with retail banking as its core businessBusiness
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
. Orient Commercial Bank set the target to become one of the top ten Vietnam
Vietnam
Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
ese Joint Stock banks in 2015, and mature into a Financial group in 2020.
Objective
- To provide the best service to customers and partnerBusiness partnerBusiness partner is a term used to denote a commercial entity with which another commercial entity has some form of alliance. This relationship may be a highly contractual, exclusive bond in which both entities commit not to ally with third parties...
s with the principle of equality, mutual benefit and developmentBusiness developmentA subset of the field of commerce, business development comprises a number of techniques and responsibilities which aim at:1. Researching new types of business/products/services with an emphasis on identifying gaps in the mitigation of needs of potential clients .2. Attracting new customers3...
. - To increase share value for shareholders
- To harmoniously provide benefits to customers, shareholders, employees, and communities
Key shareholders
- BNP ParibasBNP ParibasBNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
(FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
) - Ben Thanh Group
- FinancialFINANCIALFINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. Published by Intelligence Group LLC, FINANCIAL is focused on opinion leaders and top business decision-makers; It's about world’s largest companies, investing, careers, and small business. It is...
committee of Hochiminh city communist party - BankBankA bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
for foreign trade of VietnamVietnamVietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
(Vietcombank) - Saigon general service corporation (Savico)
Branch/Transaction Office network
Up to July 27/2010, networkBusiness networking
Business networking is a socioeconomic activity by which groups of like-minded businesspeople recognize, create, or act upon business opportunities. A business network is a type of social network whose reason for existing is business activity...
of Oricombank presents in 17 Provinces and Cities throughout in Vietnam
Vietnam
Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
including:
- 1 Head officeHead OfficeHead Office is a 1985 American comedy film, produced by HBO Pictures in association with Silver Screen Partners. It stars Judge Reinhold, Eddie Albert, Lori-Nan Engler, Jane Seymour, Richard Masur, Michael O'Donoghue, Ron Frazier, Merritt Butrick and was directed and written by Ken...
- 1 Center transaction office
- 24 Branches
- 46 Transaction offices
- 4 Saving office
Milestones
- 01/10/2010 : OCB joins hands with LibertyLibertyLiberty is a moral and political principle, or Right, that identifies the condition in which human beings are able to govern themselves, to behave according to their own free will, and take responsibility for their actions...
. - 24/05/2010 : OCB completed the data conversion and put T24 Core Banking System in use in the whole bankBankA bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
- 10/03/2010 : Cooperation signing ceremony between OCB – DieboldDieboldDiebold, Inc. is a United States-based security systems corporation that is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems , electronic and physical security products , and software and integrated systems for global financial and...
- 29/12/2009 : Increased charter capital to VND 2.000 billions
- 13/11/2009 : Within the framework of VietnamVietnamVietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
– FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
Entrepreneur forum which was organized by the France Embassy in cooperation with VCCIVCCIThe Voluntary Control Council for Interference by Information Technology Equipment or VCCI is the Japanese body governing RF emissions standards. It was formed in December 1985....
in HanoiHanoiHanoi , is the capital of Vietnam and the country's second largest city. Its population in 2009 was estimated at 2.6 million for urban districts, 6.5 million for the metropolitan jurisdiction. From 1010 until 1802, it was the most important political centre of Vietnam...
, Orient Commercial Bank (OCB) has signed memorandum of understanding in regard to the increase of capital contribution of BNP ParibasBNP ParibasBNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
(FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
) in OCB to 20% in the appropriate time in the year 2010 and following the approval of the State Bank of VietnamState Bank of VietnamThe State Bank of Vietnam is the central bank of Vietnam.-History:When French Indochina was under French rule, the colonial government governed the Indochinese monetary system through Indochinese Bank, which also acted as a commercial bank in French Indochina...
and the GovernmentGovernmentGovernment refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized... - 16/09/2009 : OCB and Ernst & YoungErnst & YoungErnst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
VietnamVietnamVietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
has officially signed a contract to provide support services to perfect the system of internal credit ratings - 26/08/2009 : Orient Commercial Bank signed agreement with BNP ParibasBNP ParibasBNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
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 millions
- 19/12/2008 : Signing ceremony for the implementation of core bankingCore bankingCore banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.- Core banking :...
system between OCB and TemenosTemenosTemenos is a piece of land cut off and assigned as an official domain, especially to kings and chiefs, or a piece of land marked off from common uses and dedicated to a god, a sanctuary, holy grove or holy precinct: The Pythian race-course is called a temenos, the sacred valley of the Nile is the ... - 28/02/2008 : Strategic alliance between Orient Commercial Bank - BNP ParibasBNP ParibasBNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
was signed in ParisParisParis is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
, FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France... - 29/12/2006 : Increased charter capital to VND 567 billions
- 20/12/2005 : Increased charter capital to VND 300 billions
- 06/06/2005 : Launched Lucky Oricombank Card
- Participated in express remittance system of Western UnionWestern UnionThe Western Union Company is a financial services and communications company based in the United States. Its North American headquarters is in Englewood, Colorado. Up until 2006, Western Union was the best-known U.S...
- Participated in Society for Worldwide Intebank Financial Telecommunication (SWIFTSwiftThe swifts are a family, Apodidae, of highly aerial birds. They are superficially similar to swallows, but are actually not closely related to passerine species at all; swifts are in the separate order Apodiformes, which they share with hummingbirds...
) - 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 VietnamState Bank of VietnamThe State Bank of Vietnam is the central bank of Vietnam.-History:When French Indochina was under French rule, the colonial government governed the Indochinese monetary system through Indochinese Bank, which also acted as a commercial bank in French Indochina...
External links
- Website Orient Commercial Joint Stock Bank
- Website The State Bank of Vietnam