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Banking & Finance

Maritime Bank signs MoU with Dai-ichi Life

Released at: 17:10, 03/10/2017

Maritime Bank signs MoU with Dai-ichi Life

Photo: Maritime Bank

Bank and insurance company agree to strategic partnership for mutual benefit.

by Khanh Chi

Maritime Bank and Dai-ichi Life Insurance Vietnam held a ceremony recently to sign a comprehensive cooperation agreement on both banking and insurance services.

Maritime Bank will be a strategic partner and introduce the life insurance solutions of Dai-ichi Life to domestic customers at all branches and transaction offices in the northern region. Dai-ichi Life, meanwhile, will be a customer and strategic partner of the bank in introducing modern and convenient banking services to the company’s employees, customers, and agents in its distribution channels.

“This is a milestone in enhancing our partnership, creating momentum for the further development of Maritime Bank and Dai-ichi Life in the future,” Mr. Huynh Buu Quang, General Director of Maritime Bank, told the signing ceremony. “In particular, this collaboration will help us unify each side’s advantages in superior products and services to provide our customers and partners with a comprehensive service experience and value.”

“As one of the leading life insurance companies in the bancassurance sector, we are delighted together with Maritime Bank to step into a collaborative journey to bring customers different values and added benefits,” said Mr. Tran Dinh Quan, CEO of Dai-ichi Life Vietnam. “Maritime Bank has the strength of a leading commercial bank in Vietnam and Dai-ichi Life is one of the four biggest life insurers in the market, so the cooperation between Dai-ichi Life Vietnam and Maritime Bank will have practical resonance, not only improving customer service quality at both parties but also bringing benefits in terms of business operations.”

Maritime Bank is one of the leading commercial joint stock banks in Vietnam, with a wide network of nearly 300 transaction offices and nearly 500 ATMs nationwide. It currently serves about 1.5 million individual customers and 35,000 corporate clients.

Dai-ichi Life Vietnam is now one of the four leading life insurance companies in the country, serving over 1.7 million customers with a network of 239 offices and general agents in its 63 cities and provinces.

It has recently received approval from the Ministry of Finance to raise its charter capital to $117 million to expand its distribution network. With the capital increase, it becomes one of the largest life insurance companies in the market, demonstrating its strong financial capacity as well as its long-term commitment to Vietnamese customers.

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