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National Australia Bank sells NZ life insurance unit for $206 million Reuters 16/12/2020 © Reuters/David Gray FILE PHOTO: The logo of National Australia Bank is displayed outside the firm s headquarters in central Sydney (Reuters) - National Australia Bank on Wednesday said it had agreed to sell its New Zealand life insurance business to Partners Life for NZ$290 million ($206.10 million), as part of its strategy to increase capital and focus on core banking operations. Australian lenders have been on a selling spree, hiving off underperforming insurance assets to re-focus on lending operations and reduce regulatory troubles amid increased scrutiny into the sector after a series of scandals.

New zealandNew south walesRashmi ashokShri navaratnamGroup common equity tierNational australia bank ltd onNational australia bankDavid grayAustralia bank ltdPartners lifeCommon equity tierபுதியது ஜீலாந்துபுதியது தெற்கு வேல்ஸ்ரஷ்மி அசோக்திரு நவரட்னம்குழு பொதுவானது பங்கு அடுக்கு