OCB has appointed Duong Duc Hung as CEO effective October 26, ending five months of acting leadership by a foreign expert. Hung has more than 20 years of banking and finance experience at domestic and international institutions and is expected to improve execution of the bank's strategy. Chris Shayan, who had served as acting CEO since late May after Pham Hong Hai stepped down following two years in the role, will move to lead digital transformation and retail business development. As of end-June, OCB's total assets exceeded 351,700 billion VND, and pre-tax profit for the first half reached nearly 2,470 billion VND, up over 30% year on year.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: OCB thay tổng giám đốc
Read the original on VnExpress ↗
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Related tickers and likely impact
OCB
• NeutralOCB Bank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 31,391 bn VND |
| P/E | 7.0 |
| P/B | 0.88 |
| Close on 10/21/2026 | 10.25 |
| Change that session | +1.99% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- OCB has a new General Director
Phuong Dong Bank (HOSE: OCB) has appointed Mr. Duong Duc Hung as General Director effective Oct. 26, 2026, citing his more than 20 years of experience in banking and finance. In the same round, Mr. Chris Shayan, an expert in technology and artificial intelligence (AI), was appointed Executive Director in charge of digital transformation and retail business development. Chairman Trinh Van Tuan said the changes aim to strengthen management capacity for the bank's next growth phase, which has more than 7,000 staff.
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The State Bank of Vietnam (SBV) asked credit institutions to cut deposit rates by at least 0.5% a year for terms of 6 months or longer, and lending rates by 1.5-2% a year for production, business and priority sectors, while avoiding competitive rate hikes. LPBank cut deposit rates across all terms from 1 to 36 months, with its online 12-month rate now at 6.7% a year and 48-60 month rates at 5.2%. VietBank lowered online rates by 0.5 percentage points for terms of 6 to 36 months, bringing its 6-8 month rate to 5.4% a year. The central bank warned that banks failing to cut rates may face a review of their remaining credit quotas this year, lower targets next year, or higher safety ratios.
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