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Pham Hong Hai, CEO of Orient Commercial Joint Stock Bank (OCB), has submitted his resignation from the position. He has served as CEO for two years, a period during which the bank implemented a strong transformation, including redefining strategy, reorganizing and repositioning target customer segments, and accelerating digital banking and improvements to user experience.
In his remarks, Mr. Pham Hong Hai said he believes OCB has built value in “safety, operating efficiency, and above all transparency,” which was a key reason for his decision to stay with the bank. He also highlighted that beyond growth figures, the bank has established a “solid platform,” built a “strong team,” and developed “readiness to change” to pursue further progress.
He added that different development stages require different approaches and priorities, noting that OCB is entering a new stage with larger goals and therefore needs “more suitable directions and operating models in the new context.” He described the timing as appropriate because the organization is prepared for a transition and he is ready for new challenges.
After stepping down as CEO, Mr. Pham Hong Hai confirmed he will remain in the financial sector, stating: “Finance remains the field I choose and pursue for a long time.”
OCB recently published its consolidated financial statements for Q1 2026, reporting positive momentum. The bank recorded growth in both scale and operating efficiency, while the income structure indicated it is moving into a “foundational recovery cycle,” laying groundwork for sustainable growth in subsequent quarters.
For 2026, OCB set ambitious targets, including higher profitability and continued balance sheet expansion. The bank targets pre-tax profit of VND 6,960 billion, up 39% from 2025. It also expects total assets to rise by 10% from the 2025 year-end level to about VND 354,214 billion.
In addition, OCB plans for total deposits and total Market 1 loans to increase by 14% and 15%, respectively.
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