The information was given during the working session of Nguyen Kim Anh, Deputy Governor of the State Bank of Vietnam, with Ocean Commercial Joint Stock Bank (OceanBank).
Do Thanh Son, Chairman of OceanBank, said that after three years of restructuring, OceanBank has achieved a number of achievements including the results of handling bad debts, stabilizing personnel and strengthening the organizational apparatus, as reported by the State Bank of Vietnam's online portal.
In addition, OceanBank has successfully implemented the policies of the Party, the Government and the State Bank in developing a restructuring plan. The phase one of the negotiation process with foreign partners has been completed. Currently, the bank is ready to prepare for the next important phase of the project.
The bank has developed the plan and strictly guided the implementation of ensuring the safety of the treasury, balancing capital sources to ensure liquidity and meet the demand of customers at the end of the year 2017 and in the time of Lunar New Year.
Deputy Governor Nguyen Kim Anh requested Board of Directors and staff of OceanBank continue maintaining the image of the bank, implement the policy of saving operating expenses and dealing with bad debts.
He said that OceanBank has made great progress in working and negotiating with foreign partners in 2017; and in 2018, the bank needs to conclude the important issues for the State Bank of Vietnam and the Government to approve.
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