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.
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.
BNP Paribas (France)
Ben Thanh Group
Financial committee of Hochiminh city communist party
Bank for foreign trade of Vietnam (Vietcombank)
Saigon general service corporation (Savico)
Up to July 27/2010, network of Oricombank presents in 17 Provinces and Cities throughout in Vietnam including:
1 Head office
1 Center transaction office
24 Branches
46 Transaction offices
4 Saving office
By the end of 8/2010 total head count of Oricombank is 1,539 people.
01/10/2010 : OCB joins hands with Liberty.
24/05/2010 : OCB completed the data conversion and put T24 Core Banking System in use in the whole bank
10/03/2010 : Cooperation signing ceremony between OCB – Diebold
29/12/2009 : Increased charter capital to VND 2.000 billions
13/11/2009 : Within the framework of Vietnam – France Entrepreneur forum which was organized by the France Embassy in cooperation with VCCI in Hanoi, Orient Commercial Bank (OCB) has signed memorandum of understanding in regard to the increase of capital contribution of BNP Paribas (France) in OCB to 20% in the appropriate time in the year 2010 and following the approval of the State Bank of Vietnam and the Government
16/09/2009 : OCB and Ernst & Young Vietnam has officially signed a contract to provide support services to perfect the system of internal credit ratings
26/08/2009 : Orient Commercial Bank signed agreement with BNP Paribas to increase OCB’s capital contribution from 10% to 15%
05/02/2009 : OCB started the implementation of Core Banking System Project
30/12/2008 : Increased charter capital to VND 1.474.477 millions
19/12/2008 : Signing ceremony for the implementation of core banking system between OCB and Temenos
28/02/2008 : Strategic alliance between Orient Commercial Bank - BNP Paribas was signed in Paris, France
29/12/2006 : Increased charter capital to VND 567 billions
20/12/2005 : Increased charter capital to VND 300 billions
06/06/2005 : Launched Lucky Oricombank Card
Participated in express remittance system of Western Union
Participated in Society for Worldwide Intebank Financial Telecommunication (SWIFT)
10/06/1996 : Orient Commercial Joint Stock Bank (OCB) was granted license of operation in 13/04/1996 with initial charter capital of VND 70 million by the State Bank of Vietnam
