Mon, 28 April
15.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

ACBA -CREDIT AGRICOLE BANK and Amundi seek license for establishment of pension fund management company

YEREVAN, November 6. / ARKA /. Armenian ACBA -CREDIT AGRICOLE BANK and Amundi company have turned to the Central Bank of Armenia to obtain a license for establishment of a company to manage compulsory pension funds.

ACBA -CREDIT AGRICOLE BANK was established in 1995 with the help of EU TACIS program. In September 2006, the French Credit Agricole acquired a large stake in the bank to become its largest shareholder.

Amundi is one of the world’s leading asset management company. It develops effective and innovative products for more than 3,000 institutional clients and third-party distributors in 30 countries. It deals with largest sovereign wealth funds, pension funds, institutional and corporate funds in France and other countries.

Amundi has more than 2,000 distribution agreements with leading platforms in Europe and Asia. One of its partners is the French Credit Agricole Bank. -0-

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Instruments for supporting SMEs in Armenia were discussed with bankers at the Ministry of Economy

Financial instruments for supporting small and medium-sized businesses (SMEs) were discussed by Deputy Minister of Economy of Armenia Lilia Sirakanyan and bank representatives.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

LATEST NEWS

spot_imgspot_imgspot_img