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17 shareholders own 60% stake in OCB

By Dat Nguyen   July 25, 2024 | 01:02 am PT
17 shareholders own 60% stake in OCB
Inside an office of OCB. Photo courtesy of the bank
Orient Commercial Bank is 60% owned by 17 individuals and businesses, according to a company release.

Japan’s Aozora Bank is the biggest shareholder with a 15% stake.

Portal Global Limited owns 3.03% and Pyn Elite Fund has 2.42%.

Chairman Trinh Van Tuan and his affiliates own a 19.9% stake in the bank.

OCB posted a 23% growth in pre-tax profit in the first quarter to VND1.21 trillion.

A new regulation that came into effect this month requires banks to disclose details of shareholders with a 1% stake or more.

 
 
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