OCB is a pioneer in promoting green finance.

As of December 31, 2024, green credit at Orient Commercial Bank (OCB) increased by 30% compared to 2023. This shows that OCB has been effectively channeling capital in the "green revolution," demonstrating its pioneering role as one of the leading banks in sustainable development strategy.

According to World Bank estimates, from now until 2040, Vietnam needs to invest an additional 368 billion USD, equivalent to about 6.8% of GDP per year, for its climate change response roadmap and net zero emissions roadmap.

Therefore, the role of financial institutions such as banks is very important in providing capital, opening the way for green credit to be released to the market effectively.

AtOCB , identifying and building a very early foundation for implementing a sustainable development strategy, for many years, the bank has been carrying out a series of environmental protection activities, social contributions and especially promoting capital supply and financial services towards a green economy, environmentally friendly circular economy, environmental and social risk management with the support of many prestigious international organizations, such as the International Finance Corporation (IFC).

In 2024 alone, OCB has been focusing on prioritizing capital sources, effectively expanding lending to value-added projects, clean energy, and high-tech agriculture such as: Renewable energy including wind power, solar power, and hydropower; A+ green buildings; Water supply plants and smart agriculture using sustainable farming methods, drip irrigation, water storage/containment... As of December 31, 2024, green credit at OCB has increased by 30% compared to 2023. This is considered a high credit growth rate compared to banks in the entire system.

In addition, OCB also carries out a series of activities to provide comprehensive financial solutions for businesses. For example, signing a strategic cooperation agreement with IFC, aiming at the goal of being a pioneer green bank in Vietnam. Focusing on green banking transformation and improving digital banking services for SMEs and retail customers; Strategic cooperation with Genesia Ventures Investment Fund, aiming at accompanying and promoting the development of technology startups in Vietnam; Signing a cooperation agreement with Smedf through an indirect lending framework contract, opening up opportunities for SMEs in Vietnam to access preferential capital sources and optimal financial solutions. In particular, the bank also launched a loan product for Start-up businesses without collateral to remove difficulties for Start-up businesses in the capital raising process. The only condition is that they have been in operation for 1 year or more. Accordingly, businesses can borrow without collateral, with a loan limit of up to 3 billion VND and flexible loan terms (maximum 12 months).

OCB has been prioritizing capital for clean energy projects and high-tech agriculture.

“We are currently continuing to promote and focus on financing green, low-energy, environmentally friendly fields, in addition to lending to SMEs and businesses with female managers. In addition, OCB is also strongly developing financial services including working capital loans and cash flow management for Start-up businesses with stable cash flow. We hope to contribute to the development of Start-ups to help them become unicorns in the future. In addition, thanks to advice from prestigious international organizations such as IFC, OCB has gradually built standards and promoted green credit lending through preferential capital sources from international organizations. In 2025, to continue promoting green credit activities, we will focus on reviewing and adjusting products in a "tailored" direction to suit each customer segment. In addition, developing a series of new products to diversify accompanying products "Service support to improve competitiveness," said OCB leaders.

As part of its established and published sustainable development strategy, in 2024 OCB implemented a series of programs to promote social welfare, share with the community, and collaborate with the GAIA Nature Conservation Center to reforest Xuan Lien (Thanh Hoa).

It is known that in 2025, OCB will continuously develop digital products; increase the scale of green credit and build a safe and happy working environment... demonstrating the bank's strong commitment in the greening journey, accompanying the Government for the Net Zero goal by 2050.

Source: https://daibieunhandan.vn/ocb-tien-phong-thuc-day-tai-chinh-xanh-post407108.html