OCB gets approval to list 1 billion shares on exchange
The OCB shares will be officially traded on the exchange in early 2021.
In 2020, the Vietnamese lender issued shares to raise capital for a foreign strategic partner Aoroza Bank. The Japanese bank invested $160 million for 15 percent stake in OCB.
As of end-November, OCB's customer deposit increased 18 percent to VND101,321 billion ($4.4 billion). Outstanding loan increased 22 percent to VND 86,543 billion.
The bank’s Jan.-Nov. cumulative pre-tax profit rose 30 percent year-on year to VND3,830 billion ($165.4 million), 18 percent higher than the profit in 2019.
As of end-November, OCB's total assets grew 13 percent from end-2019 to VND133,923 billion ($5.78 billion), equity increased sharply by 47 percent to VND16,969 billion ($733 million).
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