orient commercial joint stock bank
the bank is incorporated as a joint stock company under the name of “eastern commercial bank. ”
this branch code value means this is the primary office (or head office) for orient commercial joint stock bank .
we aim to develop orient commercial bank into a universal bank with retail banking as its core business. orient commercial bank set the target to become one of the top ten vietnamese joint stock banks in 2015, and mature into a financial group in 2020 .
ocb orient commercial bank interest ratesorient commercial joint stock bank (ocb) is a vietnamese bank founded in 1996 with joint ownership from various parties including french global banking firm bnp paribas and the state bank of vietnam. it provides banking services and products to retail and comm... read more
swift code orcovnvxxxx also known as bic code is a unique bank identifier of orient commercial joint stock bank and it' s used to verify financial transactions such as a bank wire transfers (international wire transfers) .
chairman nghiêm xuân thành said the bank would divest from the banks in which its stakes were not high, including orient commercial joint stock bank (5. 07 per cent), saigonbank (4. 3 per cent) and cement finance joint stock company (10. 9 per cent) for a combined value of about vnđ300 billion .
despite efforts to implement circular 36, the joint stock commercial bank for foreign trade of vietnam (vietcombank) still owns more than 7. 16% share of military bank - mb (down from 9. 8% previously); 8. 19% shares of vietnam export import commercial joint stock bank - eximbank (previously 8. 2 %); 4. 3% shares of saigon bank - saigonbank (previously 5. 26 %); 5. 07% share of orient commercial joint stock bank - ocb - this level even increased when vietcombank previously had only 4. 6% stake in ocb .
on this page you will find detailed information on bic code orcovnvx for orient commercial joint stock bank. this swift code follows the same general structure as mentioned in the next section. for a detailed breakdown analysis of bic code orcovnvxxxx, scroll towards the bottom of the page for specific details .
orient commercial joint stock bank is a small privately - owned commercial bank headquartered in ho chi minh city, vietnam. at end - 2016, it held consolidated assets of vnd64 trillion (around $ 2. 8 billion), including gross loans of vnd38. 5 trillion (around $ 1. 7 billion). it pursues a high - growth strategy centered on retail and corporate loans .
some smaller commercial banks in the past week have raised the interest rates they offer on us dollar deposits by 0. 9 to 1. 3 percentage points to as high as 6. 1 per cent per year. commercial banks in hcm city are actively to trying to attract dollar deposits in the first days of 2011, especially in the run up to tet when remittances to viet nam increase significantly. on january 12, viet nam thuong tin commercial joint stock bank (vietbank) raised its interest rates on dollar deposits by 0. 9 - 1. 3 per cent per year for one to 36 - month terms. vietbank now offers 5. 9 per cent interest on six - month greenback deposits and 6 per cent interest rate on 12 - month deposits, apart from other incentives. on january 8, western bank announced its new short - term dollar deposit rates, increasing it to 5, 5. 1 and 5. 3 per cent on one, two and three - month deposits, respectively. at some other small commercial joint stock banks including the kien long bank, orient commercial bank, sai gon commercial bank …
through its subsidiaries, commercial bank is able to offer a wider range of products and services to individuals and organisations alike .
bankmed acquires 41% of mng bank in turkey along with arab bank which also acquires 50% of mng, and the bank is renamed turkland bank (t - bank) .
— this article is about the largest commercial bank in greece. for the central bank of greece, see bank of greece. national bank of greece s. a. εθνική τράπεζα της ελλάδος α. ε. type anonymi etairia …
in addition to many banks still holding shares in excess of the regulations, many banks and companies have been seeking to reduce this level to comply with circular 36. typical himlam corporation has withdrawn all shares owned by lien viet post commercial joint stock bank (lienvietpostbank) and no longer shareholders as of june 23rd. previously, this company was the founding shareholder, and the largest shareholder in lienvietpostbank owns 14. 98% of charter capital, equivalent to 96. 77 million shares. this is considered a positive move to avoid cross ownership when the chairman him lam sitting on the
hot seat
of saigon commercial joint stock bank (sacombank) .
the bank acquires allied business bank in lebanon (together with its subsidiary in cyprus) and changes its name to allied bank .
orient 1 is a fully owned subsidiary of the bank incorporated in bermuda and is engaged in supporting the credit card operations of the diners club franchise in the sultanate of oman .
banks raise dollar rates as vietnam dong still under cap by thuy trieu - the saigon times daily hcmc – several banks have raised interest rates for dollar deposits in a bid to consolidate their shares on the mobilization market now that the interest rate for all funds in vietnam dong has been capped at 14% . since late last week, western commercial bank has raised deposit rates for the greenback at between 5% and 5. 3% per year, all for short - term savings. meanwhile, southeast asia commercial bank has set the highest deposit rate for the dollar at 6% per year. at other joint - stock banks such as kien long bank, orient commercial bank, saigon commercial bank, and an binh bank, the highest dollar deposit rate is between 5. 1% and 5. 6% per year. only big banks having strength in international payment and import export finance like eximbank, acb, and sacombank can keep dollar deposit rates at less than 5% per year. bankers said they raised the interest rate to increase mobilization, …
thus, this bank is
violating
the provisions of circular 36 when this circular provides that a commercial bank can only hold shares of no more than two other cis, subsidiary they are the affiliated companíe of that bank; the commercial bank owned by other credit institutions must be less than 5% of the voting capital and not be allowed to appoint any person to the board of directors of the credit institution where the bank buys shares, unless the ci is a subsidiary or is taken by a commercial bank who participate in restructuring and processing of weak cis as designated by the sbv .
the bank increases its share in t - bank from 41% to 50% . t - bank is now 50% owned by bankmed and 50% by arab bank group .
banque de la méditerranée acquires 75% of saudi lebanese bank to become the largest bank by total assets in lebanon .
allied bank merges into bankmed and the remaining 25% of saudi lebanese bank (slb) are acquired by bankmed .
26 июня на лондонской фондовой бирже (london stock exchange) размещен 3 - й выпуск облигаций международной финансовой корпорации (мфк), номинированных в узбекских сумах - «samarkand bonds» .
recently, the vietnam securities depository center has announced the transfer of 81. 3 million mbb shares of military bank (mb) to maritime bank of vietnam (maritime bank) to the ha nam development joint stock company - belonging to vietnam investment and development group (vid group). this is considered a move to reduce cross - ownership at mb of maritime bank; but the problem is that the chairman of the board of vid group is the chairman of the founding committee of maritime bank, the
relatives
of the chairman of the maritime bank. therefore, if the issue of cross - ownership of cis under various layers is to be seen as a looser, more cumbersome control, so many professionals can see that the visible pairs are the “icebergs” .
corporate, commercial and retail banking segments with high value products, services and solutions. abank has 59 branches located all across turkey. through its branch network, abank has direct access to the regions in turkey where 85% of the country’s gdp is generated. in 2015, abank continued to work closely with its counterparts in commercial bank to implement best international practice and continue to create synergies .
the selling price will not be lower than the price chosen by a valuation institution and its closing price on the hcm stock exchange on the trading day preceding the issuing date .
swift code is a standard format of bank identifier codes (bic) and serves as a unique identifier for a bank or financial institution .
cbq finance limited is an exempt company with limited liability incorporated in bermuda under the companies act 1981. the company is organised as a special purpose entity and has been established to raise capital for the commercial bank of qatar by issue of debt instruments .
commercial bank financial services (cbfs) is a fully owned subsidiary of commercial bank. cbfs provides direct access to the qatar exchange and offers seamless online trading capabilities for individuals, institutions, corporate and foreign counterparties. in addition to its electronic trading platform, cbfs is also licensed by qatar financial markets authority to act as liquidity provider for certain securities at qatar exchange. in 2015, cbfs delivered a net profit of qar 5. 3 million as compared to qar 19. 3 million in the previous year .
vietcombank is the most expensive bank on the stock exchange with a share price ranging around vnđ35, 000 ($ 1. 54) a share. it is also the biggest listed lender with market capitalisation at vnđ126. 3 trillion ($ 5. 6 billion) on friday .
the fidelity bank (philadelphia) acquires 80% of the bank’s shares and the remaining shares are purchased by united trading group kuwait and dr. osman aidi .
overall, all of the large banks such as vietinbank, vietcombank, vietnam development bank (bidv), agribank have been owning other cis. in addition, many smaller commercial banks have shares of big banks, but also hold a lot of shares in other credit institutions .
vcn - after the achievement on revenue and profit in 2017 and the first quarter of 2018, the banking sector continuously receives optimistic forecasts in the securities market, especially when many banks will list on the stock exchange .
the lender plans to retain its holding in military bank (7. 16 per cent) given the bank’s positive performance and stable dividend payout. however, it will seek the central bank’s approval to divest 8. 19 per cent of capital from eximbank (eib) .
the bank issues 1. 5 million new series 3 preferred shares at an issue price of usd 100, contributing further to the bank' s capital increase of usd 153 million .
mig acquires the balance of the bank’s shares; therefore, the bank, with a capital of lbp 50 million and a banking network of 13 active branches, becomes a wholly owned subsidiary of mig. in the same year, the bank’s capital is increased to lbp 100 million
the first 4 characters (
aaaa
) specify the bank. only letters are allowed .
vietcombank has two major stakeholders, of which the state bank of vietnam owns 77. 11 per cent and mizuho bank 15 per cent. mizuho is the only foreign strategic investor of vietcombank .
banque de la méditerranée - france is merged into banque française de l’orient s. a. (bfo), a french banking institution controlled by crédit agricole indosuez. as part of the same transaction, the ownership of banque de la méditerranée (suisse), s. a. is transferred to bfo .
as many as three dozen defendants appeared in a ho chi minh city court on tuesday for involvement in a high - profile case causing the loss of more than vnd9 trillion (us $ 401. 79 million) from the state budget. as many as three dozen defendants appeared in a ho chi minh city court on tuesday for involvement in a high - profile case causing the loss of more than vnd9 trillion (us $ 401. 79 million) from the state budget. the man who bears the main responsibility for the massive loss at the erstwhile vietnam construction joint stock commercial bank (vncb) is pham cong danh, 51, the lender’s former chairman. danh was arrested in july 2014, and the vncb is now known as the construction bank, after the state bank of vietnam intervenedto bail it out following the scandal caused by danh. the trial is expected to run for a month until august 18, as the vncb case is considered one with the largest - ever financial damages in vietnam. in 2014, huynh thi huyen nhu, an ex - official of state - run …
vietcombank holds capital in five other credit institutions, three more than allowed by the state bank of việt nam .
the board of directors of bankmed adopts major reorganization and restructuring measures with key changes in the bank’s senior management .
this unique swift code directory provides businesses and individuals with an easy way to avoid bank transfer and money transfer mistakes .
aig’s name is changed into méditerranée investors group (mig), and the latter acquires 59% of the bank’s shares from fidelity bank (philadelphia). at that date, the remaining shares were held by: the fidelity bank (philadelphia) 12% , united trading group (kuwait) 15% , and joseph el - khoury 14% .
banque de la méditerranée (suisse), s. a. is established as a wholly owned subsidiary of the bank .
the bank' s overall liquidity position is comfortable, with liquid resources representing 35% of tangible banking assets at end - 2016. however, 21% of liquid assets is pledged against borrowings, a situation which weakens the overall liquidity profile of the bank. moody' s expects that the bank' s proportion of liquid assets will moderate over time against the backdrop of loan growth .
unless you have entered into an express written contract with moody’s to the contrary, you agree that you have no right to use the information in a commercial or public setting and no right to copy it, save it, print it, sell it, or publish or distribute any portion of it in any form .
is a standard format of bank identifier codes (bic) and it is unique identification code for a particular bank. these codes are used when transferring money between banks, particularly for international wire transfers. banks also used the codes for exchanging other messages between them .
the bank' s loan book is focused on the corporate and retail sectors, which accounted for 58% and 39% of gross loans, respectively, at end - 2016. the bank' s corporate loan portfolio has concentrations in construction and real estate; a credit negative .
the b2 long - term ratings could be upgraded, if the bank' s bca is upgraded and vietnam' s sovereign rating is upgraded .
incorporated in 2010 and provides a range of insurance products which have been tailored to meet the specific needs of the bank’s retail and corporate customers .
deposits q: greetings, i' m interested in your term deposits aprox 350k usd. please advise if interested and the way your bank operates cheers
deposits q: i am an australian national who wants to open a bank account for a 6 to 12 month term deposit. how can i qualify ?
accordingly, the proposal calls for the review, amendment, and supplementation of the concept of
related person
to ensure broader coverage of similar interests; to review and amend the criteria and conditions for the posts of chairman of the board of directors, member of the board of directors, member of the control board, general director, etc. , in a stricter way; revised regulations on shareholding limits for shareholders of credit institutions to publicize shareholders, limiting manipulation etc. in addition, the proposal also requires the listing of shares of commercial banks on the stock market to increase mass; banks must disclose publicly, transparently and accurately informed on their business strategies, ownership, financial position, management structure; improving the accountability of cis with the public ...
vietnam international bank (vib) has reached an agreement with the commonwealth bank of australia (cba) to acquire its ho chi minh city branch, the local commercial lender announced without disclosing the value of the deal on monday. vib will take over the cba’s ho chi minh city operations, with more than 22, 000 individual and corporate customers affected, according to the agreement. “we expect this process to take several months, ” shane o’connor, general director of the cba ho chi minh city branch, said in a statement. “we will be contacting customers in the coming weeks to provide more information on what this means for them and the transition of their banking relationship to vib. ” neither vib nor cba has disclosed the value of the sale. the cba said in a separate announcement that the bank will “continue to service our existing customers until the transition to vib …
deposits q: q: i am an malaysian national who wants to open a bank account for a 6 to 12 month term deposit. how can i qualify ?
the bank buys 35% share in bfo from crédit agricole indosuez and acquires of 100% of bfo suisse. the latter’s name changes to bankmed (suisse) .
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the bank swift code provides information about the bank and branch where the money should be transferred. being able to check information about the swift code will provide you with the proper information necessary to make or receive payments. some of the banks and their associated branches benefit from an address listing which provides you with the means to match swift codes with financial institution office address .
méditerranée investors group (liban) is incorporated in lebanon by h. e, late pm, mr. rafik hariri. it acquires the entire shares of the bank from other related entities .
if you’re not sure about any of the swift code details you’re using, get in touch with the bank or financial institution in question. they should be able to give you the right information .
the overlapping issue between iso 9362 and iso 13616 is discussed in the article international bank account number (also called iban). the swift network does not require a specific format for the transaction so the identification of accounts and transaction types is left to agreements of the transaction partners. in the process of the single euro payments area the european central banks have agreed on a common format based on iban and bic including an xml - based transmission format for standardized transactions; the target2 is a joint gross clearing system in the european union that does not require the swift network for transmission (see ebics). the target - directory lists all the bics of the banks that are attached to the target2 - network being a subset of the swift - directory of bics .
at the bank’s annual shareholders’ meeting on friday, its chairman nghiêm xuân thành said m & as would be a long - term strategy and should ensure that vietcombank expands its network and accesses new markets .
the first 4 characters - 4 letters (
aaaa
): institution code or bank code - this code is used to identify the institution’s global presence (all branches and all divisions around the world) .
the bank expects to expand its credit outstanding by 15 per cent to vnđ547. 1 trillion, total capitalisation up 14 per cent to vnđ684. 8 trillion and keep the bad debt ratio below 2 per cent .
- oricombank was established under decision no. 0061 / nh - gp dated apr. 13th, 1996 by governor of state bank of vietnam - it was granted business license no. 059700 by hcmc’s planning and investment department
viet nam news hà nội - the vietnam international bank (vib) aims to earn a pre - tax profit of vnđ750 billion (us $ 33 million) in 2017, 7 per cent higher than last year' s figure. according to the vib' s business plan published on wednesday, the bank targets vnđ120 trillion in total assets, up 15 per cent year - on - year. it also strives for a minimal decrease in credit balance with the việt nam asset management company (vamc) and non - performing loans (npls) controlled below 3 per cent. the bank' s goals for this year will also include a credit growth plan with two options which will be 16 per - cent credit growth approved by the state bank of việt nam (sbv) previously and 32 per cent credit growth estimated by the management board based on its risk management capability and the economy' s priority direction, depending on sbv approval. besides, the bank' s board of directors also proposed a plan to mobilise funds, expected to cost up to vnđ7 trillion, on the secondary market for up to 10 …
when you send or receive an international wire with your bank, you might lose money on a bad exchange rate and pay hidden fees as a result. that’s because the banks still use an old system to exchange money. we recommend you use
the b3 bca assigned to ocb reflects its modest solvency and funding metrics. the bca also takes in account moody' s expectation that the bank' s asset quality and capital profile will weaken over time, because of its aggressive loan growth strategy .
swift code or also commonly known as bic code is a standard format to uniquely identify a bank, financial institution and non - financial institution. this standard approved by the international organization for standardization (iso). bic stands for business identifier codes .
previously, the state bank issued many legal documents related to the treatment of cross - ownership of credit institutions, reducing the ownership of capital among credit institutions. the government' s direction has repeatedly called for a resolution of this situation. recently, resolution no. 61 of the government' s regular meeting in june 2017 requested the state bank to strengthen the control and prevention of cross - ownership and manipulation in the operations of credit organizations in a timely manner to severely punish violated organizations and individuals .
in august last year, vietcombank and singapore sovereign wealth fund gic signed an agreement for gic to acquire a 7. 73 per cent stake, equivalent to 305. 8 million new shares in the bank’s planned private placement of nearly 360 million new share issue .
moreover, to address this situation, according to a study by experts from the national economics university, the banking sector needs to comprehensively upgrade the level of safety to a new higher standard, according to the basel plan ii, taking into account the new adjustments in basel plan iii. in the medium and long term, reputable credit institutions may choose to add stock options on the international market, increase their financial capacity, create pressure to apply international practices and the best accounting standards in business administration; to create a connection between domestic and foreign capital markets, contributing to stabilizing the domestic capital market. these options will help control and oversee cross - ownership of cis .
the transaction, subject to approval by the prime minister and the state bank of việt nam, has not taken place as by the end of last year gic’s offer was considerably lower than market value. thành said vietcombank would re - negotiate with gic for a better price .
emkan finance sal (microfinance lending arm) is established in lebanon as a wholly owned subsidiary of bankmed. the microfinance business of emkan was initially established in 2008 under an ngo and was later converted in 2011 into a financial institution, licensed by the central bank of lebanon .
viet nam news hà nội - vietnam international bank (vib) posted after - tax profit of vnđ126 billion (us $ 5. 53 million) in the first quarter of this year, up 14 per cent year - on - year. according to the bank' s business results, released today, its net interest income, net fee and commission income and gain from investment securities also experienced positive growth of 16 per cent, 31 per cent and 21 per cent, respectively. debts purchased from the việt nam asset management company have been handled well, resulting in a decrease of 2. 19 per cent in the bank' s non - performing loan ratio as of march 31, lower than the 2. 58 per cent seen at the end of 2016. meanwhile, the bank' s provision cost dropped by 8 per cent compared with the same period last year. vib' s balance sheet reached nearly vnđ106 trillion in the first three months, vnđ 1. 4 trillion higher than the same period last year, mainly thanks to good growth momentum of the lending portfolio, the latest data revealed. lending …
viet nam news hà nội - vietnam international bank (vib) received shareholders approval to distribute 44. 6 per cent dividend payment rate in 2016, including 5 per cent in cash and 39. 6 per cent in bonus shares. the rate is 25 per cent higher than the previous year, which included 8. 5 per cent in cash and 16. 5 per cent in bonus shares. at their meeting in hà nội on thursday, shareholders agreed to pay bonus shares to the bank' s employees at a rate of 0. 4 per cent of the charter capital. the bank' s shareholders also approved the business plan for this year, which includes pre - tax profit of vnđ750 billion (us $ 33 million), surging 7 per cent over last year' s figure, and vnđ120 trillion in total assets, up 15 per cent year - on - year. vib chairman đặng khắc vỹ believed 2017 would be a promising year for the banking industry and the bank would focus on ensuring the quality of products and customer services and investing in human resources to reach the reviewed goals. hàn ngọc vũ, vib …
the vietnam international bank (vib) and commonwealth bank of australia (cba) announced on monday that cba’s hcm city branch would be sold to vib. representatives of the two banks at the announcement event. the sale was approved by the state bank of viet nam last week, the two sides said. they however refused to disclose the value of the transaction. vib has a network of 160 branches and more than 400 atms across viet nam. cba said its hcm city branch has around 20, 000 customers. “this decision signifies our commitment to the vietnamese market as we strengthen our partnership with vib, ” steve ellis, general manager of cba in viet nam, said. “it demonstrates the confidence cba has in vib to continue to provide high - quality service to our customers. ” cba said it would retain the representative office in hà nội, which it had opened in 1995, to liaise with government …
despite efforts, this is still a problem for many years. according to bank finance expert, dr. nguyen tri hieu, these regulations have not been implemented largely due to the consciousness of the shareholders. because they have a large shareholding, so that they can take advantage of their position to develop their business and take advantage of their shareholdings to gather power, these shareholders do not want to deprive them of their power .
for many, managing a bank is a very powerful financial tool to finance their projects. despite the credit limits, they still have ways to overcome that limitation
, dr. hieu commented .
in the first quarter of this year, the bank reported pre - tax profits of nearly vnđ2. 65 trillion, up 15 per cent year - on - year. last year, it earned pre - tax profits of over vnđ8. 5 trillion, up 25 per cent year - on - year. – vns
on the other hand, ocb' s long - term ratings could be downgraded if its problem loans ratio — as adjusted by moody' s — rises above 10% of gross loans, or if its tce ratio drops significantly below 7% . the ratings are also sensitive to a significant weakening in the bank' s liquidity profile .
vcn - with efforts and determination to restructure the system of credit institutions (cis), ensuring safety for the financial system, the government and the state bank of vietnam give more guidance to reduce the cross - ownership of credit institutions to safe levels. however, directing is not enough, this issue needs the effort and awareness of the banks as well as the stakeholders .
in terms of government support for ocb, moody' s applies the same moderate support assumption as for other private - sector banks in vietnam. as a result, ocb' s b2 long - term ratings incorporate one notch of uplift from its bca of b3. the moderate support assumption is mainly underpinned by the bank' s market share of around 0. 8% of system assets at end - 2016 .
moody' s will consider upgrading the bca if the bank' s adjusted problem loans ratio falls below 4% , and its tce ratio exceeds 10% . loan diversification away from real estate and construction loans - - which moody' s considers as higher - risk in vietnam - - would also be positive for the bca. an improvement in vietnam' s macro profile of weak would also be bca - positive .
ocb' s funding profile is moderate, because its small market share in system deposits disadvantages the bank in competing with larger rivals for depositors. such a situation is reflected by ocb' s cost of deposit funding, which is one of the highest among the 15 moody' s - rated banks in vietnam. ocb also shows some reliance on market funds, with wholesale liabilities funding 22% of assets at end - 2016 .
banks keen to sell bad mortgaged assets to vamc thanh thuong by thanh thuong - the saigon times daily hcmc – banks want to sell mortgaged assets that have deteriorated to vietnam asset management company (vamc), saying they can handle the not - so - bad ones themselves, heard a conference on a draft circular regulating vamc operations the circular only contains provisions on trading of secured debt, and does not mention unsecured debt, whereas most lenders are having trouble dealing with the latter, said a representative of viet a bank. sharing his experience of debt settlement, a representative of kien long bank said he faced the biggest challenge when mortgaged assets deteriorated and debtors moved away. however, the circular does not mention how to deal with such cases. “if mortgaged assets were good, banks would have sold them out already, ” he told the conference held by the vietnam banks association in hcmc last thursday. vamc is set up to buy the assets …
ocb' s asset quality improved in 2016, because of the full cash recovery of assets due from the government - owned vietnam development bank (unrated), and healthy cash recovery on vamc bonds. however, moody' s expects that ocb' s asset risk will remain elevated over the next 12 - 18 months, because of the rapid loan growth of 39% in 2016 and 30% in 2015, which were much higher than for the overall banking sector in vietnam .
national bank of oman (nbo) achieved strong results in 2015, with net profit after tax growing 20% to omr 60 million, compared with omr 50 million in 2014. operating income grew by omr 22 million to omr 136 million, from omr 114 million in 2014, mainly due to an increase in net interest income which was up 14. 9% to omr 95 million. during 2015, nbo grew its customer lending by 9. 4% to omr 2. 5 billion and customers’ deposits reduced marginally to omr 2. 2
united arab bank (uab) delivered a net loss of aed 166 million for the year ended 31 december 2015 compared to a profit of aed 605 million in 2014. the total operating income for the year ended 31 december 2015 decreased by 11. 6% to aed 1, 213 million, from aed 1, 373 million for 2014. uab’s loans and advances decreased by 12. 7% to aed 15. 7 billion as at 31 december 2015, with customers’ deposits at aed 16. 8 billion, down 10% compared to 2014 .
therefore, the financial market overview report 2016 of the national financial supervisory commission has identified that the cross - ownership situation, cross - investment credit institutions are gradually controlled. according to the sbv, cross - ownership, and cross - investment of credit institutions are dealt with in one step; the situation of shareholders / large groups of bank manipulation is treated a basic step. however, the problem still needs to be resolved more drastically, as many experts say that many pairs of cross - ownership of credit institutions are
hidden
under many layers to serve the interests of the group or to conceal the
creaking
financial situation of banks and related businesses .
banks see services earnings up thuy trieu by thuy trieu - the saigon times daily hcmc – financial reports of local banks showed that service earnings continued to increase in the jan - sept period this year, although lending rates fell against the same period of 2012. most large banks that maintained loyal customers saw their earnings from services rising. meanwhile, small lenders mainly took revenues from lending interest rates as they made modest gains or even suffered losses from services. services of banks include issuing letters of credit (l / c), international payment, money transfer for enterprises and automated teller machine (atm) fees, international payment cards and money transfers for individual customers. among 13 banks having announced third quarter financial reports, eight reported a rise in service gross profits. bank for investment and development of vietnam (bidv) took the lead in terms of profits in this sector with nearly vnd1. 8 trillion, followed by …
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the rating history for this credit rating accurately reflects the current status of the (sf) indicator but, due to technical limitations, does not accurately reflect the (sf) indicator history. please visit the research tab to view the press release (s) announcing when the (sf) indicator was added or removed .
for credit ratings that are derived exclusively from an existing credit rating of a program, series, category / class of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, moody’s publishes a rating announcement on that series, category / class of debt or program as a whole, on the support provider or primary rated entity, or on the provisional rating, but often does not publish a specific rating announcement on each subsequent bond or note for which the credit rating is derived from the existing credit rating. rating announcements are usually press releases classified as rating actions on www. moodys. com. please refer to the research tab on the issuer / entity page for the rating announcement .
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the b2 long - term ratings assigned to ocb reflect its bca of b3, and a one - notch uplift based on moody' s expectation of a moderate probability of support from the government of vietnam (b1 stable) .
ocb' s asset risk is elevated, but largely in line with the average for other rated banks in vietnam. around 6% of its adjusted gross loans were problematic at end - 2016, an improvement from 11% at end - 2015. our definition of adjusted problem loans includes special mention loans, nonperforming loans, problem loans sold to the vietnam asset management company (vamc), restructured loans classified as performing, and other problem assets .
like the other banks in vietnam, ocb' s rapid loan growth exerts negative pressure on its capital ratios. at end - december 2016, moody' s estimates that ocb' s pro - forma tangible common equity (tce) to adjusted risk - weighted assets (rwa) fell to 7. 9% . this estimate assumes a cash dividend payout ratio similar to 2015, and moody' s standard increase in risk weightings for vietnam government securities to 100% . such a result is around 160 basis points lower than at end - 2015 .
the principal methodology used in these ratings was banks published in january 2016. please see the rating methodologies page on urltoken for a copy of this methodology .
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q: i am a thai national wants to open fix deposit account for 6 to 12 months. how can i qualify ?
ocb 1 year term deposit - deposits q: i am from singapore. can i open a fixed deposit account in vietnam dong? can i deposit vietnam dong in cash? are there any terms and conditions? i await your reply. thank you .
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these codes are used when transferring money between banks, particularly for international wire transfers. on top of that, the code is used to transmit messages between financial institutions and banks .
the swift code can be either 8 or 11 characters long and 8 digits code refers to the primary office. the format of swift code is as follows ;
the next 2 characters (
bb
) specify the country. it use the format of iso 3166 - 1 alpha - 2 country code .
the next 2 characters (
cc
) specify the location. letters and digits are allowed. passive participant will have
1
in the second character
the last 3 characters (
ddd
) specify the branch. this is an optional. a' xxx' refer to primary office. letters and digits are allowed .
a swift code is the standard format for business identifier codes (bic) and it' s a unique identification code for banks and financial institutions globally. these codes are used when transferring money between banks, in particular for international wire transfers or sepa payments .
swift code, bic code, swift id or swift - bic (iso 9362) is a standard format of business identifier codes approved by the international organization for standardization (iso). it is a unique identification code for both financial and non - financial institutions. the acronym swift stands for the society for worldwide interbank financial telecommunication. when assigned to a non - financial institution, the code may also be known as a business entity identifier or bei. these codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. the codes can sometimes be found on account statements .
the swift code (bic code) consists of 8 or 11 characters. as an example let' s take the following imaginary swift
aaaabbccddd
. this can be broken down as follows :
the 5th and 6th characters - 2 letters (
bb
): this represents the iso 3166 - 1 alpha - 2 country code. as an example ,
us
stands for
united states
,
gb
for
united kingdom
,
de
for
germany
, ca for
canada
, etc .
the 7th and 8th characters - 2 letters or digits (
cc
): this represents the location code. for example ,
ff
is the location code for
frankfurt
,
kk
is the location code for copenhagen, and so on. also the second character (8th in the bic code) sometimes carries this information :
if the second character is
0
, then it is typically a test bic as opposed to a bic used on the live network .
if the second character is
2
, then it typically indicates a reverse billing bic, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message .
the 9th to 11th characters - 3 letters or digits (
ddd
): these final three characters form a
branch code
that points to a specific branch of the banking institution. if this section is missing or is (optionally) filled by
xxx
, then we are dealing with an 8 - character swift code which implies this is a primary (also know as head office) of the financial institution. the typical naming convention is that in the case we are referring to the main offices of an a financial institution, this branch code is
xxx
.
where an 8 - digit code is given, it may be assumed that it refers to the primary office, however swift codes of primary office banking institutions can be used with or without the
xxx
branch code, depending on th requirement of the payment transfer you are working with.
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 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 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.