That it has entered into a contract to distribute life insurance products through a long-term bank (Bancassurance) with FWD Group Financial Service
Pte. Ltd. completed, resulting in the bank having more than 1.1 profits
Ten billion baht
After July 1,
The Siam Commercial Bank Public Company Limited notifies the Stock Exchange of Thailand (SET) regarding the sale of shares in Siam Life Insurance Company.
Public Company Limited and the entering into a long-term life insurance product distribution contract with
FWD Group Financial Service Pte. Ltd., latest on
26 Sep ago
Siam Commercial Bank announced that the contract has been completed.
However, the sale of such shares to FWD resulted in the commercial bank receiving a total of 9.27
Ten billion baht, which will generate profits from sales transactions after tax in the amount of 1.1
Approximately ten billion baht In addition, Siam Commercial Bank will gradually recognize the amount of 1.77
Ten billion baht is income for a 15 year period according to the bank's accounting policy. With the profit from this sales transaction on the net profit for the quarter
3 years of the Bank's performance depends on other factors relating to the business operations that the bank must consider in more detail.
The Siam Commercial Bank
Also receive compensation for the sale of life insurance products throughout the cooperation period in distributing life insurance products through banks
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