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.

Ildikó Ginzer, Hungarian Bankholding‘s Deputy Chief Business Officer of Standard Services, emphasized:

“We want to serve our customers with modern, market-leading and domestically developed products, tailored to their needs at affordable prices, and we believe that the strategic cooperation with CIG Pannónia will serve this purpose. CIG products are now available to customers of all three of our member banks, and based on the success of the previous business partnership between MKB Bank and CIG Pannónia, we are confident that we have chosen the best partner for both our customers and our own strategic goals.”

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