Under the deal, ABBank and VNI will favor the products and services provided by the other party and offer each other the incentives available for strategic partners and special clients.
VNI will opt for the saving and financial investment programs launched by ABBank, while ABBank will choose the insurance services provided by VNI, especially property insurance.
ABBank currently has charter capital of VND4.8 trillion and a network of 144 transaction points nationwide.
VNI, established in 2008, is a non-life insurance company with capital of VND500 billion. Its founding shareholders include Vietnam Airlines Corporation, Vietnam Machinery Installation Corporation, Vietnam National Coal and Mineral Industries Group, Hanoi Export-Import Company, Nam Viet Group and some others.
VNI is offering property, fire, building, marine, motor, travel and aviation insurance, along with other products.