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Orient Commercial Joint Stock Bank (OCB) has announced a record date of 1 July 2026 to finalize the list of shareholders eligible to receive bonus shares issued from its equity.
The State Bank approved the increase in OCB’s charter capital on 29 May 2026, while the State Securities Commission received the issuance filing on 11 June 2026.
Under a plan approved by the bank’s 2026 annual general meeting in April, OCB will issue about 399.46 million new shares at a rate equivalent to 15% of charter capital. This translates into a bonus share ratio of 15 new shares for every 100 existing shares, issued free of charge.
With a par value of 10,000 dong per share, the total value of the bonus share issuance is about 3,995 billion dong.
The capital for this offering will be sourced from the bank’s equity as of 31 December 2025, based on audited financial statements after fully providing reserves as required.
If the issuance is completed, OCB’s charter capital is expected to increase from 26,631 billion dong to 30,625 billion dong.
OCB said the additional capital will be used to expand lending and funded activities, accelerate investment in technology supporting digital transformation and AI applications, and expand its transaction network and develop new products to enhance customer experience.
For 2026, OCB targets pre-tax profit of 6,960 billion dong, up 39% from 5,022 billion dong in 2025. The bank also plans total assets to reach 354,214 billion dong, up about 10%.
Ready Card users outside the European Economic Area have reportedly faced an abrupt service halt after a transition involving the card issuer disrupted the USDC spending product, according to user notices shared on X.
A notice shared…
