Showing 1 - 10 of 38
TMB-TBank full fusion on track for July
Business, Somruedi Banchongduang, Published on 15/03/2021
» TMB-Thanachart Bank (TMB-TBank) expects to complete the integration of the two financial entities by July this year, offering employees an early retirement (ER) package with a maximum compensation of 17 months.
FWD sells TMB Bank contract
Business, Somruedi Banchongduang, Published on 20/03/2020
» FWD Group has struck a deal to sell its bancassurance partnership contract with TMB Bank to Prudential Life Assurance Thailand in a deal worth 20 billion baht, according to the Hong Kong-based insurer.
SCB targets 20% growth in bancassurance premiums
Business, Somruedi Banchongduang, Published on 17/01/2020
» Siam Commercial Bank (SCB) aims for more than 20% growth in premiums from bancassurance business this year, to be propelled by a collaboration with FWD Group and the digital channel.
An impressive showing for M&A
Business, Post Reporters, Published on 28/12/2019
» Thailand experienced strong merger and acquisition (M&A) activity in 2019, with deals including the US$2.7-billion (81.3-billion-baht) acquisition by Bangkok Bank of Indonesia's PT Bank Permata in December and Hong Kong-based FWD Group's purchase of Siam Commercial Bank Life Assurance for 92.7 billion baht in July.
FWD opens Line route for medical claims
Business, Published on 17/12/2019
» FWD Life Insurance has initiated a medical claims service, enabling customers to submit claims via the Line platform to make the process faster.
SCB, BAY post healthy growth
Business, Somruedi Banchongduang, Published on 19/10/2019
» Siam Commercial Bank (SCB) delivered a 40.8% year-on-year increase in its consolidated unreviewed net profit for the three months through September, thanks to a one-off gain from selling SCB Life Assurance, while Bank of Ayudhya (BAY) saw its quarterly operating profit rise 5.8% from a year earlier.
Closing the gap
Asia focus, Published on 14/10/2019
» Asia's largest life and health insurer, Hong Kong-based AIA Group, is aiming to close the health protection gap in the region in line with its brand promise.
Yuan moves add to trade-war tension, SET falls
Business, Published on 10/08/2019
» Recap: Rising trade war tensions and the prospect of early elections in Italy and Britain hit European stock markets yesterday, but the weakening Chinese yuan dominated headlines, with central banks in Asia Pacific poised for more policy easing to shore up economic growth.
SCB Life Assurance stake sold in deal worth B92.7bn
Business, Somruedi Banchongduang, Published on 07/08/2019
» Siam Commercial Bank (SCB) will gradually realise income over 15 years from selling the majority stake in subsidiary SCB Life Assurance, plus a 15-year bancassurance agreement, worth 92.7 billion baht, its chief says.
SCB and FWD Sign Largest-ever Life Insurance Partnership in Southeast Asia
Published on 02/07/2019
» Mr. Arthid Nanthawithaya (2nd from right), Siam Commercial Bank PLC’s Chief Executive Officer and Chairman of the Executive Committee and Mr. Huynh Thanh Phong (1st from left), Group Chief Executive Officer of FWD Group, have recently signed a Share Sale Agreement regarding the sale of SCB’s entire stake in SCB Life Assurance Public Company Limited to FWD, and entering into a long-term bancassurance partnership. This marks the largest life insurance partnership in Southeast Asia. Under this 15-year partnership, SCB will distribute FWD’s life insurance products through the Bank’s best-in-class distribution channels. This partnership will create long-term value for customers and all stakeholders, combining SCB’s large customer base and deep local market insight with FWD’s innovative products and expertise in digital technology.