Ocean Bank will sell 15 per cent of its total capital to Hermes Capital this year.
It also aims to boost its charter capital by 25 per cent from US$190.5 million to US$238.1 million.
Last year, Ocean Bank earned a pre-tax profit of US$30.6 million on a total assets of nearly US$3 billion). This year, it targets a total profit of US$35.7 million and a dividend payout of 10 percent.
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