Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) on Monday announced that it has launched two pension funds, one of which will be completed by 2025 and the other will be completed by 2035.
In the beginning, pension funds will focus on investing in high-risk assets, then it will invest in low-risk securities, Emirates News Agency (WAM) said.
ADCB will offer the pension funds through a collective investment platform for the convertible securities, the Emirati news agency stated.
ADCB saw a 10.4% year-on-year decrease in profits to AED 1 billion.
