SABECO, Sai Gon Brewery Corporation has recently purchased 5% of Orient Commercial Joint Stock Bank’s chartered capital (OCB), equal to 31.5 billion VND.

Accordingly, the two bodies will coordinate to provide capital for projects on business development and diagonal investments in areas in which the new investors should go through their subsidiaries.

In 2006, OCB’s pre-tax profit was 144 billion VND, doubling 2005’s figure. Currently, OCB’s chartered capital is 567 billion VND and its assets are estimated at nearly 6,000 billion VND.

The bank plans to increase its chartered capital to more than 1,000 billion VND in 2007.

Source: NLD

Translated by Hoang Anh