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Malaysia: Generali to acquire AXA Affin and become second largest general insurer - News

Malaysia: Generali to acquire AXA Affin and become second largest general insurer - News
asiainsurancereview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiainsurancereview.com Daily Mail and Mail on Sunday newspapers.

Affin Bank launches COVID-19 vaccination programme for employees

Published: 29 June 2021 This initiative is part of the Bank s wellness programme, called Affin Wellness, and is led by the People office. Malaysia-headquartered Affin Bank has launched a vaccination drive for its employees on 27 June 2021. This is part of the Bank s wellness programme, called Affin Wellness, as told to Human Resources Online (HRO).  The drive is being executed in collaboration with Selcare, a healthcare provider and SELangkah, a public health initiative platform to ensure the health and safety of the community. It was held at PPV Tropicana Gardens Mall, in line with the Selangor government’s solution in managing the spread of COVID-19 within the state using data science and artificial intelligence.  

Cautious stance on Affin

PETALING JAYA: Despite Affin Bank Bhd’s latest insurance deal which will see it monetising some of its assets, the market remains cautious on its stock due to concerns surrounding some of its key ratios, including its gross impaired loan (GIL) ratio. Analysts who track Affin, one of the two smallest banking groups in the country, pointed out that apart from its GIL ratio, which is higher than industry average, its high non-interest income (NOII) mix was also a cause of concern.Kenanga Research, in a report, told its clients that it was “still cautious” on the stock as its high NOII mix could come under threat in the near-term from the normalisation of the local trading landscape.

Wong & Partners advising Generali on its RM1 3b acquisition of majority stake in AXA Affin JVs, all of MPI Generali

Wong & Partners advising Generali on its RM1 3b acquisition of majority stake in AXA Affin JVs, all of MPI Generali
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

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