diff --git a/roles/kubernetes-apps/external_cloud_controller/openstack/defaults/main.yml b/roles/kubernetes-apps/external_cloud_controller/openstack/defaults/main.yml
index fbac89839..71af4b4d8 100644
--- a/roles/kubernetes-apps/external_cloud_controller/openstack/defaults/main.yml
+++ b/roles/kubernetes-apps/external_cloud_controller/openstack/defaults/main.yml
@@ -21,4 +21,4 @@ external_openstack_cacert: "{{ lookup('env','OS_CACERT') }}"
 ##    arg1: "value1"
 ##    arg2: "value2"
 external_openstack_cloud_controller_extra_args: {}
-external_openstack_cloud_controller_image_tag: "v1.23.4"
+external_openstack_cloud_controller_image_tag: "v1.25.3"
diff --git a/roles/kubernetes-apps/external_cloud_controller/openstack/templates/external-openstack-cloud-controller-manager-ds.yml.j2 b/roles/kubernetes-apps/external_cloud_controller/openstack/templates/external-openstack-cloud-controller-manager-ds.yml.j2
index f191bbefa..4596f92f7 100644
--- a/roles/kubernetes-apps/external_cloud_controller/openstack/templates/external-openstack-cloud-controller-manager-ds.yml.j2
+++ b/roles/kubernetes-apps/external_cloud_controller/openstack/templates/external-openstack-cloud-controller-manager-ds.yml.j2
@@ -46,7 +46,7 @@ spec:
             - --cloud-provider=openstack
             - --cluster-name={{ cluster_name }}
             - --use-service-account-credentials=true
-            - --address=127.0.0.1
+            - --bind-address=127.0.0.1
 {% for key, value in external_openstack_cloud_controller_extra_args.items() %}
             - "{{ '--' + key + '=' + value }}"
 {% endfor %}