The new superbank, which will be created by the merger of CIG Pannónia and Magyar Bankholding (ie MKB), Takarékbank and Budapest Bank, has agreed that the company’s insurance products will be available at the branches of the three financial institutions. A total of 2.2 million retail customers of the banks belonging to Bankholding also contracted for CIG’s pension, accident and life insurance, as well as health insurance, credit coverage and home insurance products.
“The current strategic agreement is a significant professional milestone for CIG Pannónia Biztosító, as it has achieved the achievement of our strategic goal, ie to grow even further and become a stable, dominant insurer of the Hungarian insurance market as one of the insurers of the established direct superbank,” quotes Zoltán Polányi. , the CEO of CIG Pannonia Insurance in the announcement.
Polányi sees that the move will strengthen the listed insurance strategy, which will lay the foundations for long-term predictable sales and dividend policies for investors and their owners.
According to Ildikó Ginzer, Deputy Chief Business Officer of Magyar Bankholding Standard Services, the financial institution can provide you with affordable, modern, market-leading and domestically developed insurance products tailored to your needs.
“We believe that the strategic cooperation with CIG Pannonia serves this purpose. From now on, CIG’s products are available to the customers of all three member banks, and based on the success of the previous business partnership between MKB Bank and CIG Pannonia, we are confident that both our customers and our strategies we have chosen the best partner for our goals, ”Ginzer commented on the announcement.
One of the most important pillars of the 5-year growth strategy of the CIG Pannónia Group adopted last year was the conclusion of contracts with Magyar Bankholding and its member companies, MKB Nyrt., Takarékbank Zrt., And Budapest Bank Zrt. they have improved their HR capabilities, made IT investments, and changed product and process improvements.
Magyar Bankholding Zrt. Is a domestically owned financial holding company, which aims to implement the merger of Budapest Bank Zrt., MKB Bank Nyrt. And the Takarék Group. The company started on 15 December 2020 with the permission of the Magyar Nemzeti Bank.
Bankholding is owned by Luxembourg-based Blue Robin Investments SCA (10.82%), Corvinus Nemzetközi Befektetési Zrt. (30.35%), Magyar Takarék Befektetési és Vagyongazdálkodási Zrt. (37.69%) and METIS Tőkea There are 11.51 own pages and others who own 9.63 percent.
Lőrinc Mészáros, the To the index in an interview last year, he said that after the merger of the three banks, “the Butcher Group will have a significant but less than 50 percent stake in the bank.” Then he also said they wanted to list that as well.
The largest shareholder of CIG is Hungarikum Biztosítási Alkusz Kft., Which belongs to Lészinc Mészáros, which has a 57.27 percent ownership share.