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Hanwha Life acquires 40% stake in Indonesia s Nobu Bank

Hanwha Life acquired a 40 percent stake in Indonesia s Nobu Bank earlier this month, expanding Hanwha s financial portfolio in the Southeast Asian market, the insurance firm announced Monday.

Hanwha Life secures 40% stake in Indonesian lender

Hanwha Life, a major insurer under the Korean conglomerate Hanwha Group, is set to expand its presence in Southeast Asia, having secured a stake in Indonesia's Nobu Bank, according to the insurer on Monday. Hanwha Life acquired a 40 percent stake in Nobu Bank through a deal signed with Indonesia’s Lippo Group, a major conglomerate with businesses spanning Southeast Asia. The deal signing event was held in .

Hanwha Life taps into global banking through Indonesian investment

Hanwha Life, a leading Korean insurance company and the life insurance subsidiary of Hanwha Group, has made a strategic move into the Indonesian banking sector through a stake purchase. The company announced on Wednesday that its board had approved acquiring a 40 percent stake in Nobu Bank from Indonesia's Lippo Group, marking the first entry of a Korean insurer into the Indonesian banking industry. The decision.

Hanwha Life enters Indonesian banking sector

Hanwha Life posts first accumulated profits in Vietnam

The Vietnamese arm of Hanwha Life Insurance posted its first accumulated profits since its launch 15 years ago. Marking the local unit’s 15th anniversary, the insurer held a ceremony in Ho Chi Minh City, Vietnam on Friday, where it unveiled its financial achievements. Since posting a net profit for the first time in 2016, the Vietnamese subsidiary has recorded profits for nearly five consecutive years between 2.

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