Cairo – Mubasher: Ahli United Bank (AUB) Egypt has signed a bancassurance agreement with the Egyptian unit of the French multinational insurance firm, AXA.
AXA Egypt will provide AUB with comprehensive insurance solutions, the insurer’s CEO Ayman Kandeel commented on Tuesday.
The insurance company will offer its products in all of the bank’s 42 branches in Egypt.
On the sidelines of the signing ceremony, AUB Egypt’s CEO Nevine El-Messeery revealed that the bank’s profit reached EGP 1.46 billion during 2018.
