Customers consult services at an office of Canadian insurer SunLife. After many local banks joined bancassurance partnership, the value of bancassurance partnership agreements has sharply increased. Photo sunlife.com.vn
HANOI (Vietnam News/ANN): Local credit institutions are enjoying a rise in bancassurance activities with more exclusive deals coming, according to industry insiders.
Many banks have unveiled their first-quarter financial reports with soaring profits in the last months, even compared to pre-COVID-19 times. Soaring profits not only come from escalating interest income but also a jump in earnings from bancassurance.
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