Veteran Orient Bank Executive Steps Down from Management to Focus on Strategic Board Role

After 10 years of management, Mr. Nguyen Dinh Tung has stepped down as General Director of Orient Bank to focus on his role as a member of the Board of Directors. The bank recently announced this decision regarding Mr. Tung’s resignation.

Mr. Nguyen Dinh Tung joined Orient Bank (OCB) in April 2012 and became General Director in August 2012. During his tenure, he played a key role in moving OCB from a small-scale bank to one of the top 10 banks in Vietnam. In April, he was appointed as a member of the Board of Directors.

His resignation from the position of general director is part of the bank’s plan to enhance its leadership resources. Mr. Tung has expressed his commitment to continue supporting OCB as a member of the Board of Directors, focusing on implementing sustainable development strategies, promoting digital transformation, and expanding the bank’s partner network.

In the first three months of the year, OCB’s core business activities showed growth compared to the same period last year. The bank’s outstanding credit debt reached nearly 153,200 billion VND, with total net revenue reaching 2,287 billion VND. OCB reported a first-quarter pre-tax profit of over 1,200 billion VND, an increase of 23% from the same period last year