OCB: Green and sustainable private bank in Vietnam

OCB leadership representative received award from The Asian Banker

It is known that to receive this result, OCB has undergone rigorous evaluation by The Asian Banker's professional council, including many experts from leading credit institutions, banks and fund management companies in the world.

The awards are based on audit results, and are also considered on surveys of consumer experiences with financial services providers.

The criteria for evaluation include: Clear brand position in the market; Stable performance over long periods of time and economic cycles; Ability to ensure customers have a convenient and easy experience in every transaction; Clear and specific business strategy to achieve long-term goals; Providing the best service and diverse products to serve customers; Applying effective processes and technology to optimize operations; Ability to strictly manage risks; Always pioneering new technology trends and product development; Experienced leadership team and staff committed to serving customers; Commitment to customers and active participation in community development.

According to The Asian Banker, the winner of the Green and Sustainable Private Bank category in Vietnam has demonstrated effective financial performance, recognized innovation in providing customer value while ensuring commitments to sustainable development in environmental - social - governance aspects.

OCB is recognized as an organization that complies with international standards on promoting green investment, minimizing energy use and CO₂ emissions, pioneering digitalization, and continuously launching friendly, modern and convenient products and services.

Sharing about this award, Mr. Nguyen Huy Duc, OCB's CFO, said: "In fact, the sustainable development strategy towards becoming a pioneering Green bank in Vietnam has been implemented by us very early with many specific activities. As of December 31, 2024, green credit at OCB has increased by 30% compared to 2023, reaching 11% of the proportion of green credit outstanding loans to the total outstanding loans of the whole bank, while the industry average is 4.5%. Focus on prioritizing capital sources, effectively expanding lending to projects that create added value, clean energy, high-tech agriculture such as: Renewable energy including wind power, solar power, hydropower; A+ building green works; Water supply plants and smart agriculture using sustainable farming methods, drip irrigation, water storage/containment...".

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

"Most recently, OCB has launched the "Green Deposit" product for corporate customers with a commitment that customers' deposits will be used by the bank to finance Green projects. We identify banks as not only a capital supply channel but also a "coordinator" and guide capital flows into strategic areas such as renewable energy, sustainable agriculture and green urban development. Therefore, we are constantly promoting the development and addition of the "Green Deposit" product to the bank-wide green financial solutions portfolio. In addition, OCB also hopes that in addition to bringing optimal benefits to depositors, it can also work hand in hand with businesses with a common orientation towards sustainable development, thereby promoting financial resources to serve green projects and build a green future" - Mr. Duc added.

The bank is also implementing a series of programs related to the community and society. One of them is the OCB Pin Hunter campaign with the message "Old batteries go green - Earth is healthier" to collect and process used batteries nationwide.

OCB Pin Hunter does not simply stop at collecting and treating toxic waste, but this is also a journey to inspire and connect each individual with the responsibility of protecting the environment, encourage the community to act for a sustainable ecosystem, and at the same time build bank branches/education offices into Green, friendly transaction points for customers.

“The Green and Sustainable Private Bank Award in Vietnam, evaluated and ranked by The Asian Banker, is a testament to the impressive achievements of OCB in promoting green finance, technology and banking services in line with the sustainable development strategy. This is also the motivation for us to continue to carry out activities towards a green and sustainable future for the community and society,” emphasized the representative of OCB.

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