Sale will result in €80m exceptional loss
AXA is selling its Hungarian banking business to OTP Bank.
The sale is expected to result in an exceptional loss of €80m (£61m) in the group’s net profit for the period to 31 December 2015.
97.1% COR bolstered by £39m of reserve releases
This month the winners for Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December
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