MIRA INFORM REPORT

 

 

Report Date :

30.09.2014

 

IDENTIFICATION DETAILS

 

Name :

OCEAN COMMERCIAL JOINT STOCK BANK

 

 

Registered Office :

199 Nguyen Luong Bang St Thanh Binh Ward, Hai Duong, Hai Duong

 

 

Country :

Vietnam

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

24.11.2011

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Subject is Specialized professional services, including:

·         Commercial banking

·         Currency exchange

·         Payment services

 

 

No. of Employees :

3,100

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Vietnam

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

VIETNAM - ECONOMIC OVERVIEW

 

Vietnam is a densely-populated developing country that has been transitioning from the rigidities of a centrally-planned economy since 1986. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to less than 20% in 2013, while industry's share increased from 36% to more than 42% in the same period. State-owned enterprises account for about 40% of GDP. Poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession hurt Vietnam's export-oriented economy, with GDP in 2013 growing at 5%, the slowest rate of growth since 1999. In 2013, however, exports increased by more than 12%, year-on-year; several administrative actions brought the trade deficit back into balance. Between 2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%, but its value remained relatively stable in 2013. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. In February 2011, the government shifted from policies aimed at achieving a high rate of economic growth, which had stoked inflation, to those aimed at stabilizing the economy, through tighter monetary and fiscal control. Although Vietnam unveiled a broad, "three pillar" economic reform program in early 2012, proposing the restructuring of public investment, state-owned enterprises, and the banking sector, little perceptible progress has been made. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses

 

Source : CIA

 

 

 

 

Company name and address

 

Company Details

Organization Name

:

OCEAN COMMERCIAL JOINT STOCK BANK

Address

:

1 Trung Yen Plaza, Cau Giay Dist, Hanoi

Country

:

Vietnam

Phone (S)

:

[+84] 4-37726789

Facsimile

:

[+84] 4-37726969

Email

:

support@oceanbank.vn

Website

:

http://www.oceanbank.vn

Primary Business Activity

:

Service

Key Industry

:

Financial Services - General

 

 

DIRECTORS/MANAGEMENT

 

 Key Person

Legal Title

:

Chairman

Name

:

Mr. Ha Van Tham

Nationality

:

Vietnamese

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Le Tuan Anh

Vietnamese

Deputy Managing Director

-

2

Mr. Nguyen Manh Ha

Vietnamese

Deputy Managing Director

-

3

Mr. Nguyen Van Hoan

Vietnamese

Deputy Managing Director

-

4

Ms. Nguyen Thi Mai Huong

Vietnamese

Deputy Managing Director

-

5

Mr. Vu Nhat Lam

Vietnamese

Deputy Managing Director

-

6

Ms. Nguyen Thi Kieu Lien

Vietnamese

Deputy Managing Director

-

7

Ms. Nguyen Thi Nga

Vietnamese

Chief Accountant

-

8

Mrs. Nguyen Thi Minh Phuong

Vietnamese

Deputy Managing Director

-

9

Mr. Tran Thanh Quang

Vietnamese

Deputy Managing Director

-

10

Mr. Le Minh Thanh

Vietnamese

Deputy Managing Director

-

11

Ms. Nguyen Thi Thu

Vietnamese

Managing Director

-

12

Ms. Nguyen Minh Thu

Vietnamese

Managing Director

-

13

Mrs. Le Thi Thu Thuy

Vietnamese

Deputy Managing Director

-

14

Mr. Vo Viet Trung

Vietnamese

Deputy Managing Director

-

Management Details - 1

Personal Unique Identifier

:

MI03403963

Name

:

Mr. Le Tuan Anh

 

Date of Birth

:

1976

Country

University / College name

Qualification

Major

Belgium

n/a

Master's Degree

Business Administration

Management Details - 2

Personal Unique Identifier

:

MI03403951

Name

:

Mr. Nguyen Manh Ha

 

Date of Birth

:

1970

Country

University / College name

Qualification

Major

USA

COLUMBIA SOUTHERN UNIVERSITY

Master's Degree

n/a

Management Details - 3

Personal Unique Identifier

:

MI03403950

Name

:

Mr. Nguyen Van Hoan

 

Date of Birth

:

1977

Country

University / College name

Qualification

Major

Vietnam

n/a

Bachelor's Degree

Business Administration

Management Details - 4

Personal Unique Identifier

:

MI03403958

Name

:

Ms. Nguyen Thi Mai Huong

 

Date of Birth

:

1970

Country

University / College name

Qualification

Major

Vietnam

NATIONAL ECONOMY UNIVERSITY

Master's Degree

n/a

Management Details - 5

Personal Unique Identifier

:

MI03770885

Name

:

Mr. Vu Nhat Lam

 

Country

University / College name

Qualification

Major

Vietnam

NATIONAL ECONOMICS UNIVERSITY

Master's Degree

n/a

Management Details - 6

Personal Unique Identifier

:

MI03403966

Name

:

Ms. Nguyen Thi Kieu Lien

 

Date of Birth

:

1978

Country

University / College name

Qualification

Major

Vietnam

n/a

Bachelor's Degree

Economics

Management Details - 7

Personal Unique Identifier

:

MI03403970

Name

:

Ms. Nguyen Thi Nga

 

Date of Birth

:

1980

Management Details - 8

Personal Unique Identifier

:

MI03403960

Name

:

Mrs. Nguyen Thi Minh Phuong

 

Date of Birth

:

1975

Country

University / College name

Qualification

Major

Vietnam

n/a

Bachelor's Degree

Economics

Management Details - 9

Personal Unique Identifier

:

MI02830305

Name

:

Mr. Tran Thanh Quang

 

Email

:

quangtt@oceanbank.vn

Date of Birth

:

1977

Mobile No.

:

84-989099912

Country

University / College name

Qualification

Major

Vietnam

NATIONAL ECONOMICS UNIVERSITY

Bachelor's Degree

n/a

Management Details - 10

Personal Unique Identifier

:

MI03770884

Name

:

Mr. Le Minh Thanh

 

Country

University / College name

Qualification

Major

USA

BRIGHAM YOUNG UNIVERSITY

Bachelor's Degree

n/a

Management Details - 11

Personal Unique Identifier

:

MI03403425

Name

:

Ms. Nguyen Thi Thu

 

Date of Birth

:

1973

Management Details - 12

Personal Unique Identifier

:

MI03770876

Name

:

Ms. Nguyen Minh Thu

 

Date of Birth

:

1973

Country

University / College name

Qualification

Major

Vietnam

NATIONAL ECONOMICS UNIVERSITY

Master's Degree

Business Administration

Management Details - 13

Personal Unique Identifier

:

MI03403947

Name

:

Mrs. Le Thi Thu Thuy

 

Date of Birth

:

1977

Country

University / College name

Qualification

Major

USA

GRIGGS UNIVERSITY

Master's Degree

n/a

Management Details - 14

Personal Unique Identifier

:

MI03403968

Name

:

Mr. Vo Viet Trung

 

Date of Birth

:

1976

Country

University / College name

Qualification

Major

USA

CALIFORNIA UNIVERSITY

Master's Degree

n/a

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03410707

Name

:

Mr. Ha Van Tham

Date of Birth

:

1972

 

Country

University / College name

Qualification

Major

USA

COLOMBIA COMMON WEALTH UNIVERSITY

Master's Degree

Business Administration

USA

PARAMOUNT UNIVERSITY OF TECHNOLOGY

Ph.D

Business Administration

 

Other Positions

Country

Company name

Position

 

Vietnam

OCEAN GROUP JSC

Director

 

Vietnam

OCEAN SECURITIES JSC

Chairman

 

 

2

 

 

Personal Unique Identifier

:

MI03403425

Name

:

Ms. Nguyen Thi Thu

Date of Birth

:

1973

 

3

 

 

Personal Unique Identifier

:

MI03770876

Name

:

Ms. Nguyen Minh Thu

Date of Birth

:

1973

 

Country

University / College name

Qualification

Major

Vietnam

NATIONAL ECONOMICS UNIVERSITY

Master's Degree

Business Administration

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing OCEAN COMMERCIAL JOINT STOCK BANK's reputation within the respective industry failed to reveal any adverse information.

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

CIVIL LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Capital

:

US$ 191,015,582

 

CAPITAL (Currency: VND - Vietnam Dong)

Share Value

:

₫ 10,000

Authorized Capital

:

₫ 4,000,000,000,000

Paid-up Capital

:

₫ 4,000,000,000,000

 

SHAREHOLDERS

Total number of shareholders

:

n/a

Total number of shares

:

400,000,000

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Undisclosed Shareholders

Vietnam

113,840,000

1,138,259,300,000

28.46

2

OCEAN GROUP

Vietnam

80,000,000

800,000,000,000

20.00

3

VIETNAM OIL & GAS GROUP

Vietnam

80,000,000

800,000,000,000

20.00

4

VNT CO LTD

Vietnam

80,000,000

800,000,000,000

20.00

5

SONG DA INVESTMENT & CONSTRUCTION JSC

Vietnam

46,160,000

461,740,700,000

11.54

Total

400,000,000

4,000,000,000,000

100.00

 

 

Based on corporate statutory laws / regulations in Vietnam, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

PAYMENT INFORMATION

 

N/a

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

RELATED PARTIES (Subsidiaries, Joint-ventures & Affiliates)

 

The following provides a summary of the number of businesses that are related to OCEAN COMMERCIAL JOINT STOCK BANK:

 

TYPE

DOMESTIC

TOTAL

Subsidiaries

-

Joint-Ventures

-

Minority shareholdings

1

Affiliates

1

Liaison / Representative Offices

-

 

Domestic

 

Business Entity Name

:

OCEAN TECHNOLOGY JSC

Global Identifier

:

P1912579

Country

:

Vietnam

Relationship

:

Minority shareholding

Operational Address

:

6Fl IC Bldg 17 Ngo Quyen St Trang Tien Ward, Hoan Kiem Dist, Hanoi

Primary Business Activity

:

Service

Industry

:

Computer & Information Products

 

 

 

Business Entity Name

:

PACIFIC GROUP CORP

Global Identifier

:

P1938531

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

8Fl Phu Dien Plaza 83A Ly Thuong Kiet St, Hoan Kiem Dist, Hanoi

Primary Business Activity

:

Service

Industry

:

Construction & Construction Materials

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2011 Annual  

308,596,706

3,007,168,357

23,424,441

2012 Annual  

307,533,163

3,095,469,478

11,679,149

2013 Annual  

260,858,491

3,180,726,424

8,944,924

 

Sales Trend – Analysis

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

-

-

-

-

-

-

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2009 Annual

98,071,342

1,893,774,624

12,742,300

2010 Annual

215,631,523

2,829,086,876

26,701,991

 

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Other long term assets 

Total Assets(*)

62,639,316,877,051

64,462,099,428,517

67,075,445,086,313

Total Liabilities(*)

57,995,266,280,156

59,977,285,362,414

62,720,714,350,061

Long term liabilities 

Shareholders Funds(*)

4,644,050,596,895

4,484,814,066,103

4,354,730,736,252

 

ASSETS 

Cash

291,556,406,039

183,872,462,000

206,206,111,596

Balances with the State Bank of Vietnam

586,334,746,836

3,573,424,096,537

529,681,196,733

Placements with and loans to other credit institutions

24,217,086,225,731

15,330,212,257,263

17,313,610,878,732

Placements with other credit institutions

24,217,086,225,731

13,892,737,288,513

5,714,837,966,732

Loans to other credit institutions

-

1,448,337,500,000

11,887,842,400,000

Provision for credit losses of loans to other credit institutions

-

(10,862,531,250)

(289,069,488,000)

Trading securities

137,664,743,722

32,066,239,276

655,867,634,120

i. Trading securities

240,603,305,143

52,142,851,259

664,237,421,453

Provisions for impairment of trading securities

(102,938,561,421)

(20,076,611,983)

(8,369,787,333)

Loans to customers

18,955,669,015,033

25,564,979,455,018

27,755,500,466,115

i. Loans to customers

19,187,065,606,171

26,240,060,649,543

28,480,091,466,338

Provisions for credit losses of loans to customers

(231,396,591,138)

(675,081,194,525)

(724,591,000,223)

Investment securities

10,990,739,774,742

14,489,073,858,888

15,111,709,818,501

Available-for-sale investment securities

10,210,638,628,359

13,766,965,197,931

14,388,857,611,769

Held-to-maturity investment securities

939,162,906,203

892,939,510,957

875,144,051,520

Provisions for impairment of investment

(159,061,759,820)

(170,830,850,000)

(152,291,844,788)

Long-term investments

576,896,734,855

568,263,069,537

544,889,741,783

Investments in joint-ventures

68,756,767,146

68,756,767,146

68,756,767,146

Other long-term investments

508,139,967,709

520,973,301,042

511,956,006,209

Provisions for impairment of long-term investments

-

(21,466,998,651)

(35,823,031,572)

Fixed assets

232,216,611,827

231,609,311,367

221,647,909,693

Tangible fixed assets

129,765,465,445

130,014,535,188

127,708,585,372

Cost

180,237,176,586

208,365,929,841

220,012,542,377

Accumulated depreciation

(50,471,711,141)

(78,351,394,653)

(92,303,957,005)

Intangible assets

102,451,146,382

101,594,776,179

93,939,324,321

i. Cost

117,748,349,916

126,097,988,306

127,945,842,106

Accumulated amortisation

(15,297,203,534)

(24,503,212,127)

(34,006,517,785)

Other assets

6,651,152,618,266

4,488,598,678,631

4,736,331,329,040

Receivables

3,854,291,001,433

1,914,438,648,011

1,317,582,850,671

Interest and fee receivables

1,966,477,779,987

2,389,901,075,406

2,658,782,196,016

i. Other assets

893,516,124,318

230,446,021,609

761,428,279,740

Provisions for impairment of other assets

(63,132,287,472)

(46,187,066,395)

(1,461,997,387)

Total Assets

62,639,316,877,051

64,462,099,428,517

67,075,445,086,313

LIABILITIES AND OWNERS' EQUITY 

Discount of valuable papers with the State Bank of Vietnam

967,489,581,219

2,921,284,795,929

-

Deposits and borrowings from other credit institutions

17,520,283,017,018

13,237,016,579,735

10,143,120,931,932

Deposits from other credit institutions

17,520,283,017,018

9,737,876,579,735

2,061,386,810,606

Borrowings from other credit institutions

-

3,499,140,000,000

8,081,734,121,326

Deposits from customers

38,589,892,625,378

43,239,855,989,834

51,924,391,158,293

Other liabilities

612,667,776,541

579,127,996,916

653,202,259,836

Accrued fee and interest payables

478,353,042,119

488,172,257,404

519,883,752,038

Other payables and liabilities

113,429,603,490

64,197,084,687

107,027,330,951

Other provisions

20,885,130,932

26,758,654,825

26,291,176,847

Total Liabilities

57,995,266,280,156

59,977,285,362,414

62,720,714,350,061

Capital and reserves

4,644,050,596,895

4,484,814,066,103

4,354,730,736,252

Capital

4,002,955,516,400

4,002,955,516,400

4,002,955,516,400

Charter capital

4,000,000,000,000

4,000,000,000,000

4,000,000,000,000

Share premium

2,916,370,000

2,916,370,000

2,916,370,000

Other capital

39,146,400

39,146,400

39,146,400

Reserves

150,616,565,770

236,096,841,462

258,068,555,388

Retained earnings

490,478,514,725

245,761,708,241

93,706,664,464

Total Liabilities and Owners' Equity

62,639,316,877,051

64,462,099,428,517

67,075,445,086,313

Note: (*)

Financial Highlights

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Turnover(*)

6,428,069,375,641

6,404,273,557,690

5,501,007,341,780

Profit (Loss) Before Tax(*)

643,393,959,302

310,210,643,641

231,821,263,753

Profit After Tax attributable to Shareholders(*)

487,931,115,362

243,214,308,879

188,631,366,443

 

Interest and similar income

6,428,069,375,641

6,404,273,557,690

5,501,007,341,780

Interest and similar expenses

4,833,514,862,029

4,783,911,029,098

4,079,870,270,565

Net interest income

1,594,554,513,612

1,620,362,528,592

1,421,137,071,215

Income from services

46,048,215,063

43,401,907,143

48,567,404,563

Expenses on services

30,633,448,416

27,554,530,957

28,189,416,142

Net profit from services

15,414,766,647

15,847,376,186

20,377,988,421

Net gain from foreign exchange trading activities and foreign exchange rate revaluation

(48,487,740,531)

30,142,995,938

6,312,255,601

Net gain from trading securities

(73,740,294,199)

36,338,111,001

2,567,585,725

Net gain/(loss) from trading investment securities

(50,717,788,110)

(18,289,775,588)

66,757,247,875

Other operating income

77,664,228,009

70,565,768,945

84,774,819,001

Other operating expense

91,587,284,085

331,139,187,315

186,972,268,619

Net losses from other activities

(13,923,056,076)

(260,573,418,370)

(102,197,449,618)

Dividends and share of profit of joint ventures, associates

22,991,435,769

48,582,382,980

57,573,579,283

Operating expenses

614,699,977,392

694,346,637,740

720,321,394,556

Net profit before tax and net profit from operating activities before credit provision

831,391,859,720

778,063,562,999

752,206,883,946

Provision expenses for credit losses

187,997,900,418

467,852,919,358

520,385,620,193

Profit before tax

643,393,959,302

310,210,643,641

231,821,263,753

Current corporate income tax expenses

155,462,843,940

66,996,334,762

43,189,897,310

Corporate income tax expenses

155,462,843,940

66,996,334,762

43,189,897,310

Profit after corporate income tax

487,931,115,362

243,214,308,879

188,631,366,443

Earnings per share

1,286

608

472

Note: (*)

Financial Highlights

Financial Ratios

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Growth % 

Year-on-Year Growth

52.95

(0.37)

(14.10)

Profitability 

Profit Margin (%)

7.59

3.80

3.43

Return on Equity (%)

10.51

5.42

4.33

Return on Assets (%)

0.78

0.38

0.28

Leverage 

Total Debt Equity (Times)

12.49

13.37

14.40

Total Asset To Total Equity

13.49

14.37

15.40

Asset Management 

Total Assets Turnover (Times)

0.10

0.10

0.08

Based on the corporate laws of Vietnam, legal entities which are Joint Stock Company are not required to make public disclosure of their annual financials. Although basic financials were obtained for reference.

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000048 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Key Facts

Registered Legal Address

:

199 Nguyen Luong Bang St Thanh Binh Ward, Hai Duong, Hai Duong

Operational Address

:

1 Trung Yen Plaza, Cau Giay Dist, Hanoi

Trading Name

:

OCEAN BANK

Name History

:

Business Entity Name

Effective Date

HAI DUONG RURAL COMMERCIAL JOINT STOCK BANK

11 Mar, 1994

OCEAN COMMERCIAL JOINT STOCK BANK

9 Jan, 2007

Issuing Authority

:

Dept. of Planning & Investment - Hai Duong

License Number

:

0800006089

License Status

:

License exists - Normal.

Legal Form - Category

:

Joint Stock Company

Legal Form

:

Not Applicable

Legal Form - Abbreviation

:

Not Applicable

Operational Status of Business

:

Normal

Date of Registration

:

24 Nov, 2011

Employees

:

3,100

SWIFT Code

 

OJBAVNVX

 

Report Details

Country

:

Vietnam

Business Entity Name

:

OCEAN COMMERCIAL JOINT STOCK BANK

Primary Business Activity

:

Service

Primary Industry

:

Financial Services - General

Office Contact Details

Operating Address

:

1 Trung Yen Plaza, Cau Giay Dist, Hanoi

Tel

:

[+84] 4-37726789

Fax

:

[+84] 4-37726969

Email

:

support@oceanbank.vn

Website Details

Website

:

http://www.oceanbank.vn

Status

:

Normal - operational

Country of Registration

:

Vietnam

Ownership Type

:

Registered ownership by Subject Business Entity

Tax / VAT Details

Tax Issuing Authority

:

Ministry of Finance

Local Name Used

:

Gia Trj Gia Tang (Value Added Tax)

Acronym

:

GTGT / VAT

GTGT / VAT Number

:

0800006089

 

 

 Primary Products

Products / Materials / Services Description

Activity

Commercial banking

Service

Currency exchange

Service

E-banking services

Service

Foreign exchange

Service

International payment services

Service

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Commercial Banks, NEC

6029

Service

Depository Institutions

6000

Service

National Commercial Banks

6021

Service

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

Commercial banks/financing

9936

Service

Currency exchange

9976

Service

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Payment services

Primary

Service

 

 

 

 

 

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of OCEAN COMMERCIAL JOINT STOCK BANK is Specialized professional services, including:

Commercial banking

Currency exchange

Payment services


Key services include:

Foreign exchange

International payment services

 

BANK DETAILS

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM

Global Identifier

:

P1072025

Branch

:

Hanoi

Branch Address

:

31-33 Ngo Quyen Hanoi (Head Office)

SWIFT Code

:

BFTVVNVX

 

Bank Name

:

STATE BANK OF VIETNAM, THE

Global Identifier

:

32407096

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

49 Ly Thai To St Hoan Kiem Dist Hanoi (Head Office)

SWIFT Code

:

STBVVNVX

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - NHA TRANG, KHANH HOA

Branch Address

:

53 Yersin St Phuong Sai Ward, Nha Trang, Khanh Hoa

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HAI BA TRUNG DIST, HANOI

Branch Address

:

41 Nguyen Thuong Hien, Hai Ba Trung Dist, Hanoi

Branch Tel

:

84-4-35161940

Branch Fax

:

84-4-35161941

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HANOI

Branch Address

:

311 Hoang Mai Hoang Van Thu, Hanoi

Branch Tel

:

84-4-36342923

Branch Fax

:

84-4-36342924

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - DONG DA, HANOI

Branch Address

:

13A Quoc Tu Giam, Dong Da, Hanoi

Branch Tel

:

84-4-37326000

Branch Fax

:

84-4-37326001

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - DONG DA, HANOI

Branch Address

:

75 Phuong Mai, Dong Da, Hanoi

Branch Tel

:

84-4-39410072

Branch Fax

:

84-4-39410956

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HAI BA TRUNG DIST, HANOI

Branch Address

:

23 Lac Trung Vinh Tuy, Hai Ba Trung Dist, Hanoi

Branch Tel

:

84-4-63290790

Branch Fax

:

84-4-36276058

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HOANG MAI DIST, HANOI

Branch Address

:

9 - Lot BT1 Nguyen Huu Tho Bac Linh Dam, Hoang Mai Dist, Hanoi

Branch Tel

:

84-4-35401576

Branch Fax

:

84-4-35401577

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HOANG MAI DIST, HANOI

Branch Address

:

1111 Giai Phong, Hoang Mai Dist, Hanoi

Branch Tel

:

84-4-36649985

Branch Fax

:

84-4-36649985

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HOAN KIEM, HANOI

Branch Address

:

35 Trang Tien, Hoan Kiem, Hanoi

Branch Tel

:

84-4-39369004

Branch Fax

:

84-4-39368967

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HAI BA TRUNG DIST, HANOI

Branch Address

:

308D Minh Khai, Hai Ba Trung Dist, Hanoi

Branch Tel

:

84-4-36321016

Branch Fax

:

84-4-36321017

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - DONG DA, HANOI

Branch Address

:

1st Dao Duy Anh, Dong Da, Hanoi

Branch Tel

:

84-4-35746638

Branch Fax

:

84-4-35772025

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - LONG BIEN DIST, HANOI

Branch Address

:

73 Nguyen Son, Long Bien Dist, Hanoi

Branch Tel

:

84-4-38726932

Branch Fax

:

84-4-38726933

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - TAY HO, HANOI

Branch Address

:

16 Yen Phu, Tay Ho, Hanoi

Branch Tel

:

84-4-37152156

Branch Fax

:

84-4-37152123

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - TAY HO, HANOI

Branch Address

:

33 Au Co St, Tay Ho, Hanoi

Branch Tel

:

84-4-37186982

Branch Fax

:

84-4-37186983

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HAI BA TRUNG DIST, HANOI

Branch Address

:

277 Bach Mai, Hai Ba Trung Dist, Hanoi

Branch Tel

:

84-4-39725795

Branch Fax

:

84-4-39725794

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HOAN KIEM, HANOI

Branch Address

:

83B Ly Thuong Kiet, Hoan Kiem, Hanoi

Branch Tel

:

84-4-39429907

Branch Fax

:

84-4-39429910

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - BA DINH, HANOI

Branch Address

:

63A Hang Bun, Ba Dinh, Hanoi

Branch Tel

:

84-4-37346617

Branch Fax

:

84-4-37346582

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - NHA TRANG, KHANH HOA

Branch Address

:

Nha Trang, Khanh Hoa

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - CAU GIAY DIST, HANOI

Branch Address

:

3Fl Tosy Bldg Lot C2D Small & Medium Industrial Park, Cau Giay Dist, Hanoi

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HO CHI MINH

Branch Address

:

Ho Chi Minh

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - CA MAU

Branch Address

:

Ca Mau

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - DONG DA, HANOI

Branch Address

:

18 Lang Ha, Dong Da, Hanoi

Branch Tel

:

84-4-37726000

Branch Fax

:

84-4-37725967

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK

Branch Address

:

Sai Gon

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - THANH HOA, THANH HOA

Branch Address

:

Thanh Hoa, Thanh Hoa

 

Branch

:

OCEAN COMMERCIAL JOINT STOCK BANK - HOAN KIEM, HANOI

Branch Address

:

18 Ngo Quyen, Hoan Kiem, Hanoi

Branch Tel

:

84-4-39366868

Branch Fax

:

84-4-39365929

 

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name

:

OCEAN COMMERCIAL JOINT STOCK BANK - CAU GIAY DIST, HANOI

Primary Use

:

Office & Administration facilities

Type of Location

:

Industrial Area

Address

:

1 Trung Yen Plaza, Cau Giay Dist, Hanoi

Country

:

Vietnam

Status

:

Operational

 

AWARDS

#

Award Name

Awarded by

Awarded Date

1

Vietnam Top Trade Services Awards

n/a

2010

2

Fastest Growing Retail Bank

n/a

2012

3

Best Retail Bank

n/a

2013

4

Gold Star Award

n/a

2013

5

Vietnam Outstanding Innovative Banking Product & Service Awards

n/a

2013

6

Best Retail Bank Vietnam

n/a

2014

7

Online Banking Initiative of the Year

n/a

2014

 

PREVIOUS CONTACT DETAILS

Company Address

:

4 Lang Ha Thanh Cong Ward, Ba Dinh, Hanoi

Date of Relocation

:

1 Mar, 2013

 

 

 

 

 

 

 

 

 

 

PREVIOUS BUSINESS LICENSE/S

License Date

License No.

11 Mar, 1994

185/QD-UB

9 Jan, 2007

104/QD-NHNN

29 Feb, 2008

0403055640

 

 

 

NOTES & COMMENTS

 

Note

:

(1) Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.42

UK Pound

1

Rs.99.72

Euro

1

Rs.77.93

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.