Corporate Bond Portfolio and Investment Analysis
Unrivalled Distribution: Strategic Profitable Partnerships
Excellent Growth in 1H23
Partnerships VONB ($m)
328
+62%
Extensive Distribution Footprint with High-Quality Bank Partners
Long-Term Strategic Partnerships
Leading Bank Partners in Local Markets | >80m customers
532
BEA東亞銀行
cíti
Bangkok Bank
BCA
PUBLIC BANK
VPBank
ASB
1H22
1H23
Differentiated Model: Mainland China
£>600m retail customers
POSTAL SAVINGS BANK OF CHINA
Highly Complementary Strategy
AIA China: Affluent target market segment
China Post Life: Mass market segment
+38%
Bancassurance
VONB
+165%
IFA
VONB
Long-Term
Strategic
Partnerships
20 years
Average duration
excluding joint ventures
Notes: VONB comparative is shown on a constant exchange rate basis
(1)
Digital leads from strategic bank partners
(2)
On an actual exchange rate basis
End-to-End
Digital
Enablement
BPI
Commonwealth Bank
Digitally-led Model: India
AXIS BANK
सेन्ट्रल बैंक ऑफ इंडिया
Central Bank of India
1911 में जापके लिए "केद्रित" "CENTRAL TO YOU SINCE 1951
ALA
CITY UNION BANK
CUB
DBS
HDFC BANK
IndusInd Bank
6 bank partners | >165m bank customers
25%
ANP from digital
leads in 1H23(1)
Proven
Execution
>12x
VONB growth
since IPO(2)
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