Emirates NBD-Egypt renews partnership with Allianz Egypt for 5 yrs

Emirates NBD-Egypt and Allianz Egypt have renewed their strategic bank assurance partnership for the next five years, Federation of Egyptian Banks (FEB) reported on Sunday.

The agreement aims to offer a wide range of life and property insurance products and services through the bank’s branch network to various customers, according to the statement.

This partnership was built on strong principles of mutual understanding and commitment to providing the best banking insurance services to the bank’s customers, said chairman and CEO of Allianz Egypt Ayman Hegazy.

Hegazy added that the agreement is in lines with Allianz’s strategy to provide innovative solutions that will drive the Egyptian insurance sector towards a more sustainable future, the statement said.

This renewal marks a significant milestone as it coincides with over 20 years of successful collaboration between Emirates NBD – Egypt and Allianz Egypt, with their partnership commencing in 2003.

Allianz Egypt is working on forging partnerships with the Egyptian banking sector to expand its market share and reach a broader customer base. This is a key part of the company’s strategy to enhance its presence and make its insurance products available to a diverse range of customers.