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    (Ngan) News-20120802

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    Lan Tran
    Oriental Commercial Bank (OCB) signed a cooperation agreement with C.T Group to provide financial support through short, medium, and long-term credits for C.T Group's retail, real estate, and logistics sectors. As part of the agreement, C.T Group will place OCB ATM booths and points of sale in their retail locations and issue 400,000 OCB credit cards to VIP customers. Key shareholders of OCB include BNP Paribas and Ben Thanh General Corporation. In 2011, OCB reported revenue of 901 billion VND and a profit after tax of 302.7 billion VND.

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    (Ngan) News-20120802

    Uploaded by

    Lan Tran
    13 views1 page
    Oriental Commercial Bank (OCB) signed a cooperation agreement with C.T Group to provide financial support through short, medium, and long-term credits for C.T Group's retail, real estate, and logistics sectors. As part of the agreement, C.T Group will place OCB ATM booths and points of sale in their retail locations and issue 400,000 OCB credit cards to VIP customers. Key shareholders of OCB include BNP Paribas and Ben Thanh General Corporation. In 2011, OCB reported revenue of 901 billion VND and a profit after tax of 302.7 billion VND.

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    Oriental Commercial Bank (OCB) signed a cooperation agreement with C.T Group to provide financial support through short, medium, and long-term credits for C.T Group's retail, real estate, and logistics sectors. As part of the agreement, C.T Group will place OCB ATM booths and points of sale in their retail locations and issue 400,000 OCB credit cards to VIP customers. Key shareholders of OCB include BNP Paribas and Ben Thanh General Corporation. In 2011, OCB reported revenue of 901 billion VND and a profit after tax of 302.7 billion VND.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    13 views1 page

    (Ngan) News-20120802

    Uploaded by

    Lan Tran
    Oriental Commercial Bank (OCB) signed a cooperation agreement with C.T Group to provide financial support through short, medium, and long-term credits for C.T Group's retail, real estate, and logistics sectors. As part of the agreement, C.T Group will place OCB ATM booths and points of sale in their retail locations and issue 400,000 OCB credit cards to VIP customers. Key shareholders of OCB include BNP Paribas and Ben Thanh General Corporation. In 2011, OCB reported revenue of 901 billion VND and a profit after tax of 302.7 billion VND.

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    Title

    FASHION AND RETAIL NEWS


    OCB, C.T GROUP SIGN COOPERATION DEAL

    ORIENT COMMERCIAL BANK (OCB) Establish : 1996 Headoffice : 45 Le Duan Boulevard, District 1, HCMC Website : www.ocb.com.vn Charter capital : 3,140 billion VND (2012) Chairman : Mr Trinh Van Tuan CEO : Mr Nguyen Dinh Tung Employee : 1,661 (March 2011) Shareholder structure State own Foreign institution Individual Others 9.2% 12.52% 49.77% 28.51%

    On 31st July 2012, Orient Commercial Bank, or OCB, and C.T Group signed a cooperation agreement 1. OCB side: OCB will provide financial support as a main lender for the enterprise OCB will prioritize short, medium and long-term credits for C.T Group for various sectors such as retail, real estate and logistics. 2. C.T Group side: C.T Group will place OCBs ATM booths at strategic locations in HCMC and points of sale at all retail points of the group. Issuing OCB credit cards for 400,000 VIP clients of its retail network.

    Key shareholders: * BNP Paribas (France): one of the leading European groups in the banking and finance, one of the worlds six strongest banks, largest global retail networks covering 84 countries with 201,700 employees. BNP Paribas owns 15% of OCBs charter capital * Ben Thanh general corporation (SUNIMEX). * Financial committee of Hochiminh city communist party. * Bank for foreign trade of Vietnam (VIETCOMBANK). * Saigon general service corporation (SAVICO). 2011 report: * Revenue : 901 billion VND * Profit after tax : 302.7 billion VND

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    8/22/12

    Source:http ://ctgroupvietnam.com/web/www/?cgi=news_detail&id=2

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