Mr. Nguyen Dinh Tung suddenly asked to leave the position of general director of OCB Bank

Mr. Nguyen Dinh Tung’s resignation letter was sent to the OCB Board of Directors (BOD) on April 23.

Mr. Nguyen Dinh Tung is considered a “god” of OCB when he has held the position of general director of this bank from August 2012 to present.

At the 2023 annual general meeting of shareholders, he was elected to the Board of Directors of OCB Bank.

Although he resigned from the highest position in the Executive Board of OCB Bank, Mr. Tung is still one of 9 members of the Board of Directors of this bank.

OCB also just announced its business results for the first quarter of 2024 with profit after tax reaching 953 billion VND, up 21% over the same period.

As of March 31, 2024, customer deposits reached 126,705 billion VND, a slight increase of 0.6% over the same period; Customer loans reached 151,047 billion VND, up 2.6% over the same period.

At OCB’s 2024 annual general meeting of shareholders held on April 15, shareholders approved the 2024 plan with important targets including: total assets of 286,562 billion VND (up 19%), total assets 197,346 billion VND (up 17%), total outstanding debt 177,592 (up 20%), bad debt ratio below 3% (2.02% in 2023), profit before tax 6,885 billion VND (up 66%).