Mon, 7 July
19.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Amundi-ACBA Asset Management’s pension funds show record growth exceeding AMD 200 billion

YEREVAN, May 13. /ARKA/. In the first quarter of 2021 the global economy recorded a positive recovery after the 2020 crisis. The incentive policies of governments and central banks, as well as the use of highly effective coronavirus vaccines, have had a positive impact, primarily, on overseas stock markets.

Prices for many fund shares, including those of Amundi-ACBA Asset Management’s pension funds, showed record growth. Some prices even showed  double digit rise.

As reported by the press service of Acba bank,  as of the end of March 2021, the assets of pension funds managed by Amundi-ACBA Asset Management exceeded AMD 204 billion, about 68% of which were invested in Armenia. Compared to the beginning of the year, the size of the company’s assets increased by 16 billion drams.

See the video for details.

Amundi-ACBA Asset Management is supervised by the Central Bank of Armenia ($1 – 523.1 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank invalidated banking license of Ardshininvestbank due to its merger with Ardshinbank

The Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.

Unibank’s “Haghtanak” branch serves clients from 9:30 am to 7:30 pm

Unibank branch “Haghtanak” has switched to a new operating mode - extended hours. Now clients can receive a full range of banking services from Monday to Friday - from 9:30 am to 7:30 pm.The branch is located at N94, 62 Komitas, Yerevan. 

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

LATEST NEWS

spot_imgspot_imgspot_img