Oriental Bank to pay interim 5% cash dividend

Oriental Commercial Joint Stock Bank (OCB) recently announced that it would close the shareholder book on December 27 to advance 5% dividend in cash for the first phase of 2008, equalling to 500 dong per share.

Accordingly, the payment date is on December 30.

At the same time, the bank would use this shareholder list to offer bonus shares to the shareholders at the ratio of 33% of the volume of shares that shareholder holds.

Recently, OCB also announced reducing the dong deposit rate by 0.26-2.02% a year as against the previous benchmark.

Particularly, the deposit rate is 3.6% a year for demand deposits, 1-2 weeks at 5.26-5.46% a year, three weeks 6.12%, 1-2 months 8.28% and 3-24 months at 8.64% a year.

Especially, as for 12-month term deposit with flexible saving rate, the deposit rate is 7.0% a year (0.583% a month).