AsemconnectVietnam - The Board of Directors (BOD) of Orient Commercial Joint Stock Bank (code OCB - HOSE) announced a resolution approving the implementation of the plan to increase charter capital in 2025 by issuing shares from equity capital.

Accordingly, OCB plans to issue nearly 197.3 million shares to increase equity capital from equity capital with an issuance rate of 8% (shareholders owning 100 shares will receive 8 rights). The par value of the shares is VND10,000/share, the total issuance value at par value is nearly VND1,973 billion.
The source of implementation is from equity capital as of December 31, 2024, determined according to the audited separate and consolidated financial statements after setting aside funds according to regulations. The expected implementation time is in 2025. If the above issuance is completed, OCB's charter capital will increase by VND1,973 billion, from VND24,658 billion to more than VND26,630 billion.
As of March 31, 2025, OCB's charter capital was VND24,658 billion, ranking 15th in the industry in terms of charter capital scale. Previously, in 2024, OCB increased its charter capital from VND20,548 billion to nearly VND24,658 billion through issuing shares to pay dividends to shareholders, but the Bank has not yet issued shares under the employee stock option program (ESOP) and issued individual shares due to the unsuitable situation.
OCB said that the plan to use the increased charter capital includes supplementing business capital, investment and lending of VND1,258 billion; purchasing and building facilities of VND714 billion, of which IT investment is VND171 billion, upgrading assets, basic construction of VND464 billion, and equipping fixed assets and labor tools of VND79 billion. At the end of the first quarter of this year, OCB achieved VND893 billion in pre-tax profit. By the end of the first quarter of 2025, OCB's total assets were VND289,067 billion, up 3% compared to the beginning of the year. Of which, customer loans increased by 2.5% to VND175,136 billion; meanwhile, the provision for customer loan risks decreased by 6% to VND2,397 billion. The bank's bad debt balance at the end of March was VND6,851 billion, up 26.7%. OCB's bad debt ratio also increased from 3.17% to 3.91%.
In 2025, OCB aims for total assets of VND316,779 billion, up 13%; total mobilization of market 1 to reach VND218,842 billion, up 14%; total outstanding debt of market 1 to be about VND208,472 billion, up 16%. Pre-tax profit is expected to reach VND5,338 billion, up 33% compared to the results achieved in 2024. Bad debt is controlled below 3%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan