OCB: A green and sustainable private bank in Vietnam.

The Asian Banker, a leading financial and banking rating magazine in Asia, recently announced that Orient Commercial Bank (OCB) has been awarded the "Most Green and Sustainable Private-Sector Bank in Vietnam" award.

OCB's leadership representatives receive the award from The Asian Banker.

Reportedly, to achieve this result, OCB underwent a rigorous evaluation by The Asian Banker's expert panel, which included many experts from leading credit institutions, banks, and fund management companies worldwide .

The awards are based on audit results and also take into account surveys of consumer experience with financial service providers.

The evaluation criteria include: A clear brand position in the market; Stable performance over long periods and economic cycles; The ability to ensure customers have a smooth and easy experience in all transactions; A clear and specific business strategy to achieve long-term goals; Providing the best service and diverse products to serve customers; Applying efficient processes and technologies to optimize operations; The ability to rigorously manage risks; Always being at the forefront of new technological trends and product development; An experienced leadership and staff team committed to serving customers; Commitment to customers and active participation in community development.

According to The Asian Banker, the results for the Green and Sustainable Private Bank in Vietnam demonstrate effective financial performance, recognizing innovation in delivering customer value while ensuring commitments to sustainable development in environmental, social, and governance aspects.

OCB is recognized as an organization that adheres to international standards in promoting green investment, minimizing energy use and CO₂ emissions, pioneering digitalization, and continuously launching user-friendly, modern, and convenient products and services.

Sharing his thoughts on this award, Mr. Nguyen Huy Duc, Chief Financial Officer of OCB, said: "In fact, our sustainable development strategy aimed at becoming a pioneering green bank in Vietnam has been implemented very early on with many specific activities. As of December 31, 2024, green credit at OCB has increased by 30% compared to 2023, reaching 11% of the total outstanding green credit of the entire bank, while the industry average is 4.5%. We prioritize capital allocation and expand lending effectively to projects that create added value, clean energy, and high-tech applied agriculture such as: Renewable energy including wind power, solar power, and hydropower; A+ green building projects; water supply plants and smart agriculture using sustainable farming methods, drip irrigation, water storage/reservoir, etc."

OCB is a pioneering bank in promoting green finance and digital transformation towards sustainable development.

"Most recently, OCB launched the 'Green Deposit' product for corporate customers, with a commitment that customer deposits will be used by the bank to finance green projects. We believe that the bank is not only a channel for providing capital but also a 'coordinator' and a guide for capital flows into strategic areas such as renewable energy, sustainable agriculture, and green urban development. Therefore, we are constantly promoting and adding the 'Green Deposit' product to our portfolio of green financial solutions across the bank. In addition, OCB also expects that besides bringing optimal benefits to depositors, it can also partner with businesses that share a sustainable development orientation, thereby boosting financial resources to serve green projects and build a green future," Mr. Duc added.

Currently, the bank is also implementing a series of community and social programs. One example is the OCB Pin Hunter campaign with the message "Old batteries become green - A healthier Earth," aimed at collecting and processing used batteries nationwide.

OCB Pin Hunter is not simply about collecting and processing hazardous waste; it's also a journey of inspiring and connecting individuals with their responsibility to protect the environment, encouraging the community to act for a sustainable ecosystem, and building bank branches/education offices into green, customer-friendly transaction points.

“The award for Green and Sustainable Private Bank in Vietnam, assessed and ranked by The Asian Banker, is proof that OCB has been achieving many impressive results in promoting green finance, technology, and banking services in line with its sustainable development strategy. This also motivates us to continue carrying out activities aimed at a green and sustainable future for the community and society,” emphasized an OCB representative.

Source: https://nhandan.vn/ocb-ngan-hang-tu-nhan-xanh-va-ben-vung-tai-viet-nam-post868120.html