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OCEAN Bank

Four weak banks to be taken over: central bank

Four weak banks to be taken over: central bank

The State Bank of Viet Nam (SBV) plans to seize four weak commercial banks in a move aimed at strengthening the country''s banking system.
OceanBank trial begins in Ha Noi

OceanBank trial begins in Ha Noi

The Ha Noi People’s Court yesterday opened the first hearing in the case of ex-banker Ha Van Tham and other 50 defendants for serious violations of State monetary policies.
Ex-Ocean Bank executives to be tried again this month

Ex-Ocean Bank executives to be tried again this month

The first-instance hearing of Ha Van Tham, former chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank, Ocean Bank, and his accomplices will reopen on August 28, according to the Ha Noi People’s Court. 
Bank chairman admits violations

Bank chairman admits violations

Former Ocean Bank chairman Ha Van Tham admitted his violations on Thursday, saying his actions were aimed at saving his job and preventing the bank from going bankrupt.
Vietinbank, PG Bank could merge in first quarter 2016

Vietinbank, PG Bank could merge in first quarter 2016

Vietinbank and PG Bank did not finalise procedures to merge in 2015 as planned, according to Vietinbank''s chairman Nguyen Van Thang.
SBV takes over Ocean Bank from May 8

SBV takes over Ocean Bank from May 8

The State Bank of Viet Nam (SBV) officially acquired Ocean Bank on May 8, gaining all its equity, including its charter capital of some VND4 trillion (US$190.48 million).
Ocean Banks chairwoman resigns

Ocean Bank's chairwoman resigns

Chairwoman of the Ocean Commercial Joint Stock Bank''s board of directors Dao Thi Thuy resigned from her post on April 3, the bank said on Monday.
Ocean Bank freezes accounts of Ocean Hospitality

Ocean Bank freezes accounts of Ocean Hospitality

The Ocean Bank blocked the accounts of Ocean Hospitality on January 7, two days after it did the same with the hotel operator''s parent firm, the Ocean Group.
Ocean Bank remains liquid, says Thu

Ocean Bank remains liquid, says Thu

Nguyen Minh Thu, newly-appointed chairwoman of the Ocean Bank board of directors, has announced that the bank''s liquidity remained well-managed following an increase in the number and amount of bank withdrawals.
Ocean Hospitality gets new chairman

Ocean Hospitality gets new chairman

The members of the management board of Ocean Hospitality, a subsidiary of the Ocean Group, have temporarily appointed Huynh Trung Nam as their chairman.
SBV suspends Ocean Banks chairman

SBV suspends Ocean Bank's chairman

The State Bank of Viet Nam (SBV) has suspended Chairman of the Ocean Commercial Joint Stock Bank''s Board of Directors Ha Van Tham for serious violations of Viet Nam''s laws.
PetroVietnam to divest VND5 trillion from two banks

PetroVietnam to divest VND5 trillion from two banks

The Vietnam National Oil and Gas Group (PetroVietnam) will divest VND5 trillion or US$235 million from PVCombank and Ocean Bank by 2015.
Ocean Bank supports businesses

Ocean Bank supports businesses

Ocean Bank has launched a promotion called "90 days of support" in order to help businesses.
Ocean Bank signs agreement with construction firm

Ocean Bank signs agreement with construction firm

The Ocean Bank and Viet Nam Waterway Construction Corporation have signed a comprehensive cooperation agreement.
Ocean Bank provides preferential loans

Ocean Bank provides preferential loans

Ocean Bank began offering businesses preferential lending rates, as of December 5.