OCB Ninh Thuan, along with other newly established branches of OCB, has been a priority for the bank in terms of investment, construction, and modern equipment. This has created a superior and luxurious transaction space for its customers. Additionally, to ensure easy access to its products and services for local customers, OCB strategically chooses busy and central locations with high foot traffic for its branches.
OCB inaugurates a new branch in Phan Rang – Thap Cham City, Ninh Thuan Province
Mr. Ho Chu Van, Director of the State Bank of Vietnam’s Ninh Thuan Branch, congratulated OCB on this occasion, saying, “Although this is OCB’s first branch in the province, OCB is already a highly efficient bank, especially in pioneering Green Credit towards sustainable development, with a focus on wind power and renewable energy. This will undoubtedly provide local customers with more opportunities to access capital and modern products and services. We also highly appreciate the bank’s business philosophy of transparency, efficiency, and safety, and we believe that this new branch in Ninh Thuan will build trust and bring prosperity to a wide range of customers in the area and neighboring regions in the future.”
Mr. Pham Hong Hai, CEO of OCB, receives flowers from the State Bank of Vietnam’s Ninh Thuan Branch
“With the establishment of the Ninh Thuan Branch in a dynamic locality with a favorable geographical location and strong growth potential, OCB has the opportunity to offer financial products and services, build and strengthen relationships with customers and partners in the province. Especially with our dedicated, professional, and highly skilled team, we are confident that OCB Ninh Thuan will contribute effectively to the local economy.” said the representative of OCB’s leadership.
The inauguration of new branches and transaction offices in key economic provinces nationwide marks a significant milestone in the bank’s development journey, expanding its reach to a wider customer base across the country. In the fourth quarter of 2024, OCB will continue to open four more branches in Dak Nong, Quang Binh, Phu Tho, and Lao Cai, along with 12 transaction offices, bringing the total number of transaction offices to 176.
The consecutive years of network expansion approval from the State Bank of Vietnam are a testament to the bank’s efficient and sustainable operations. OCB has also met stringent requirements regarding capital scale, safety factors, good governance, and effective internal control.
It is expected that in 2025, OCB will establish five more branches in provinces and cities such as Hanoi, Hai Phong, Kon Tum, and Dong Nai, along with six transaction offices under the branches of Vinh Phuc, Long Bien, Ha Nam, Da Lat, and Binh Thuan, pending approval from the State Bank of Vietnam.
“Moody’s Affirms OCB’s Rating at Ba3, Upgrades Outlook to Stable”
According to the latest announcement from Moody’s Investors Service, one of the leading international credit rating agencies, Orient Commercial Joint Stock Bank (OCB) has maintained its credit rating at Ba3 with an upgraded outlook to “stable”.
