On April 17, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will auction 66.7 million shares worth 66.7 billion dong by par value at Orient Joint Stock Commercial Bank on Hanoi Stock Exchange.
The aforementioned shares were equivalent to 1.36 percent of the chartered capital with the starting price of 13,000 dong per share.
OCB was established in Vietnam in the form of a joint stock commercial bank with the operation duration of 99 years since 1996. After more than 10 years of operation, OCB’s chartered capital has reached five trillion dong, and there are more than 110 business units nationwide, including major cities and economic zones.
OCB’s major business operations are to mobilise short-term, medium-term and long-term capital in the form of term and non-term deposits and certificates of deposits in dong.
Besides, there are such activities as receiving entrusted investment by domestic credit organisations; short-term, medium-term and long-term lending; joint venture capital contribution; domestic and international payment service; trading of foreign currency and gold; and other credit activities.
In recent years, SMEs have been set up with 19 SME centres, helping OCB exploit well this potential market.
In 2017, OCB’s after-tax profit reached 816.8 billion dong, an increase of more than 2.1 times compared to 2016. The total asset grew 32.1%, reaching 84.3 trillion dong. The total customer loans increased 25.12%, touching 48.182 trillion dong.
At the time of making the information declaration on share auction, OCB had not organised the annual general meeting 2018 to approve the business plan. Therefore, the profit and dividend plan in 2018 was not disclosed.
