Delegates at the signing ceremony

PANO – The Military Commercial Joint Stock Bank (MB), Ageas Group of Belgium and Muang Thai Life Assurance Public Company on August 10th officially signed a joint agreement to establish a new life assurance company, named MB Ageas Life, in Vietnam.

It is estimated that the new company will provide products and services in a distribution chain of MB. With the experience of its members, it is expected to become one of the top bank assurance companies in Vietnam.

The move of MB aims to diversify its products. Over the past year MB has increasingly been developing, becoming one of the leading commercial banks in Vietnam, with an average growth rate of more than 20% in recent years.

Translated by Huu Duong