Dec 16 (Reuters) - National Australia Bank Ltd (NAB) :
- AGREEMENT TO SELL BNZ LIFE INSURANCE TO PARTNERS LIFE
- DEAL FOR NZ$290 MILLION
- SALE IS EXPECTED TO RESULT IN AN INCREASE IN NAB GROUP'S CET1 RATIO OF 6 BPS BASED ON NAB GROUP'S RISK WEIGHTED ASSETS AS AT 30 SEPTEMBER 2020
- AS PART OF SALE, BNZ WILL ALSO ENTER EXCLUSIVE 10-YEAR AGREEMENT FOR REFERRAL OF BNZ'S CUSTOMERS WITH LIFE INSURANCE NEEDS TO PARTNERS LIFE
Source text https://bit.ly/2WmpZ8m
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News: NAB National Australia Bank Agrees To Sell BNZ Life Insurance To Partners Life
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