CIG Pannónia Group and the Hungarian Bankholding Group sign 20-year strategic cooperation agreement

CIG Pannónia Group has signed a 20-year strategic cooperation framework agreement with Hungarian Bankholding member banks, MKB Bank Nyrt., Takarékbank Zrt. and Budapest Bank Zrt., creating the largest insurance sales network in Hungary.

Under the strategic cooperation, CIG insurance products will be available in the branches of the three banks, the largest branch network in Hungary. The 2.2 million residential customers of Bankholding member banks will now have access to innovative pension, accident, life, health, credit and home insurance products.

“For CIG Pannónia Insurance, this strategic agreement is a significant professional milestone, as it brings us closer to achieving one of our strategic goals, namely to grow even further, and as the direct insurer of the new superbank, to become a stable, leading insurance company on the Hungarian market. We will ensure high quality for all our clients and partners, thus supporting the strategy of creating the basis for a long-term predictable revenue and dividend policy for our investors and owners”, said Zoltán Polányi, CEO of CIG Pannónia Insurance, in connection with the announcement.