OCB’s General Director, Mr. Nguyen Dinh Tung, Steps Down

Mr. Nguyen Dinh Tung recently resigned as General Director of Orient Bank (OCB) after more than a decade of management. He made this decision in order to focus on his role as a member of the Board of Directors. Mr. Tung had joined OCB in April 2012 and became General Director in August 2012. Under his leadership, the bank grew from a small-scale institution to one of the top 10 banks in Vietnam.

Last April, Mr. Tung was appointed as a member of the Board of Directors of OCB. His resignation from the position of General Director is part of the bank’s strategic plan to enhance leadership resources. Despite stepping down, Mr. Tung remains committed to contributing to OCB’s success in his new role on the Board of Directors. He aims to help implement the bank’s sustainable development strategy, drive digital transformation, and expand its partner network.

In the first three months of the year, OCB’s core business activities experienced growth compared to the same period last year. The bank’s outstanding credit debt increased by 3.5% to nearly 153,200 billion VND. Total net revenue reached 2,287 billion VND, with net income from interest contributing 1,900 billion and non-interest revenue reaching 386 billion. OCB’s pre-tax profit for the first quarter was over 1,200 billion, a 23% increase year-over-year.