Original disclosure @ IFC website
Updated in EWS Sep 24, 2021
Disclosed by Bank Jun 30, 2021
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According to IFC's website, "the investment aims to support OCB’s lending program to small and medium enterprises (“SME”) and eligible SME climate projects in Vietnam".
The development impact of the proposed project is delivered through (i) improved access to long-term funding to relevant stakeholders (OCB, and through them, their SME customers) which will support their capacity to expedite post-crisis recover; (ii) improved access to medium and long-term funding for SME climate projects; and (iii) promotion of financing to SMEs in Vietnam.
OCB was established in 1996 with its headquarter in Ho Chi Minh City. The Bank provides a wide range of commercial banking products and services to both retail and commercial clients through its network of 134 branches and sub-branches across key cities and provinces in Vietnam. OCB has listed its shares on Hochiminh Stock Exchange on January 28, 2021. The current main common shareholders are: Chairman Trinh Van Tuan and his related parties (18.6%) and Aozora Bank Ltd (15.0%). OCB’s shareholder structure currently consists of 3,053 domestic investors holding 80.5% and 4 foreign investors holding 19.5%.
OCB is headquartered in Hochiminh City, Vietnam. As of March 31, 2021, the Bank had 134 branches and sub-branches across Vietnam. The investment can be made throughout the country.
Orient Commercial Joint Stock Bank
Le Dang Ha Phuong
Deputy Head of Financial Institutions
Ben Nghe Ward, District 1, HCMC
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