"Amundi-ACBA Asset Management" company will allocate 10 thousand  euros to study the strategy of introducing a social housing system in  Armenia

ArmInfo."Amundi-ACBA Asset Management" company and the RA Ministry of Labor and Social Affairs signed a memorandum of cooperation. As noted in the message of the  company, within the framework of cooperation "Amundi-ACBA Asset  Management" from its profits will provide 10 thousand euros for the  study of the strategy of introducing a social housing system in  Armenia.

 This special study includes an analysis of international  experience in the field of social housing, a study of the situation  in Armenia, identification and assessment of needs by social groups,  by the degree of vulnerability, by territorial distribution, as well  as by other criteria.

"The study of the development of a social housing development  strategy in Armenia is important for all of us. It is necessary to  have a long-term vision of the implementation of the program, the  social impact of which will be tangible for the population of  Armenia. As a socially responsible company, we have always attached  importance to the implementation of such projects, as due to the  results of them it will be possible to solve problems in the near  future ", - said the CEO of the company Jean Mazedjian.

Attaching importance to expanding the framework of cooperation with  partner organizations, RA Minister of Labor and Social Affairs Narek  Mkrtchyan considered the signing of the memorandum to be another  important step in the field of social protection.

It should be noted that "Amundi-ACBA Asset Management" CJSC,  registered with the Central Bank of Armenia on November 19, 2013,  operates within the framework of the mandatory accumulative pension  system introduced in Armenia since January 1, 2014. As of July 31,  2021, the structure of assets of "Amundi-ACBA Asset Management" by  managed funds looks as follows: conservative - 97.5% (216.2 billion  drams), balanced - 1.6% (3.5 billion drams), consistently profitable  - 0, 9% (2.03 billion AMD). The shareholders of "Amundi-ACBA Asset  Management" are the French company Amundi Asset Management with a 51%  share and ACBA-Credit Agricole Bank - 49% (now ACBA Bank).