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BRIEF-Manulife Financial Corp Announces Exclusive 16-Year Bancassurance Partnership With VietinBank

Published 2020-12-14, 02:46 a/m
Updated 2020-12-14, 02:48 a/m
© Reuters.

Dec 14 (Reuters) - Manulife Financial Corp MFC.TO :

* ANNOUNCES EXCLUSIVE 16-YEAR BANCASSURANCE PARTNERSHIP WITH VIETINBANK

* MANULIFE VIETNAM TO BE EXCLUSIVE PROVIDER OF BANCASSURANCE SOLUTIONS TO VIETINBANK CUSTOMERS IN VIETNAM AFTER REGULATORY APPROVAL

* AS PART OF TRANSACTION, MANULIFE FINANCIAL ASIA WILL ALSO ACQUIRE AVIVA VIETNAM

* MANULIFE EXPECTS PARTNERSHIP TO BE ACCRETIVE TO DILUTED CORE EARNINGS PER COMMON SHARE IN 2022

* PARTNERSHIP'S IMPACT ON LICAT RATIO IS EXPECTED TO BE LESS THAN 1%

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