Zafrul: ‘For the first five years, the uplift (revenue) to us is RM1bil ... Sompo will manufacture and use our branches to sell exclusively.’
KUALA LUMPUR: CIMB Group
Holdings Bhd will reap a revenue of RM1bil in the first five years of its 15-year tie-up with one of Japan’s largest bancassurance insurers, Sompo Japan Nipponkoa Holdings Inc.
Group chief executive Tengku Datuk Seri Zafrul Aziz said beyond the initial five years, the bank would share the “economic upside” of the partnership besides obtaining the regular commissions generated from the joint business.
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