Brief: Sparebanken Vest: Ten Banks In Lokalbank Collaboration Enter Into Distribution Agreement With Frende Insurance

Sparebanken Norge

22/12/2020 15:54

Dec 22 (Reuters) - Sparebanken Vest  SVEG.OL :
    * TEN BANKS IN LOKALBANK COLLABORATION ENTER INTO
DISTRIBUTION
AGREEMENT WITH FRENDE INSURANCE
    * TEN BANKS IN LOKALBANK COLLABORATION HAVE SIGNED AN
AGREEMENT
FOR DISTRIBUTION FOR FRENDE INSURANCE FROM 01.01.2022 AND FUTURE
OWNERSHIP IN PARENT COMPANY FRENDE HOLDING AS
    * TOTAL INSURANCE PREMIUM IN FRENDE FORSIKRING IS AROUND NOK
3
BILLION, WHILE LOKALBANK AGREEMENT HAS A PREMIUM POTENTIAL OF
NOK 500 MILLION

Source text for Eikon:  ID:nObiG2fx2a 
Further company coverage:  SVEG.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))