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-