Allianz unit agrees sale of E1.4 billion loan portfolio
The sale is part of a long-standing strategic plan to return the Allianz Group bank to financial health after an extended period of difficulties. Jan Kvarnstrom, CEO of
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ContinueLearn More XThe sale is part of a long-standing strategic plan to return the Allianz Group bank to financial health after an extended period of difficulties. Jan Kvarnstrom, CEO of
Stone Point Capital, headquartered in Greenwich, Connecticut, will assume management responsibility for the Trident Funds, a private equity group that has been a leader in making investments in
Fortis, Belgium’s biggest financial services company, delivered net income of E1.5 billion, compared with E1.4 billion a year earlier. Banking profit increased by 40% to E776 million, compared
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Overall, Allianz, one of the largest insurance companies in the world, achieved a significant increase in the operating profit for 2004, with figures improving by E2.8 billion 68.6%
The bank has described its new service organization as fundamentally different from many other major distributors, as it sources life and pensions products from providers across the whole
UK revenues for the year increased by a healthy 20% to GBP497 million on the back of strong sales of loans. However, although the sale of loans helped