OCB opens Lao Cai branch, promoting cross-border payment activities

On October 24, Orient Commercial Bank (OCB) opened its first branch in Lao Cai province at 254 Hoang Lien Street, Coc Leu Ward, Lao Cai City.

OCB opens first branch in Lao Cai province - Photo: VGP/MT

The opening of the first branch in Lao Cai City has strongly marked the presence of the OCB brand in the Northwest financial market with great growth potential. With investment in modern facilities and a team of highly professional staff, flexibly designed financial products, preferential and competitive interest rates, quick and simple loan procedures, etc., the bank hopes to become a transaction point that brings customers many optimal options and increases benefits when using the service. OCB Lao Cai branch will focus on developing more border payment activities with China, taking advantage of the strength of being adjacent to Yunnan province, with a common border of 182.086 km. This contributes to effectively supporting customers and businesses doing import and export business through the Vietnam - China border gate to save time and be safer than cash transactions, avoiding risks in terms of exchange rates and fluctuations in the market.

OCB currently has a transaction network covering 48 provinces and cities nationwide, with 47 locations in the Northern region alone, including 24 branches and 23 transaction offices - Photo: VGP/MT

Currently, import-export, trading and exchange of goods through border gates between Vietnam and other countries are increasingly vibrant. OCB has been promoting cooperation in cross-border payment with countries sharing borders. In particular, the bank applies modern and advanced payment technology, diversifies products and services to meet customer needs with the aim of contributing to reducing pressure on foreign currency supply and demand, supporting anti-smuggling management, limiting trade fraud and tax loss, and promoting monetary security in border areas. OCB currently has a transaction network covering 48 provinces and cities nationwide, with 47 locations in the North, including 24 branches and 23 transaction offices. The bank expects that in addition to the goal of exploiting and better serving the potential banking service market, OCB will contribute to local economic development. In particular, the fact that the State Bank has granted licenses for many consecutive years to develop and expand its scale is proof of the bank's effective, sustainable and transparent operations. At the same time, OCB has also fully met the strict regulations on capital scale, safety coefficient, management system... Source: https://baochinhphu.vn/ocb-khai-truong-chi-nhanh-lao-cai-day-manh-hoat-dong-thanh-toan-bien-mau-102241029090147672.htm