Bank to take stake of over 26 per cent in Russia’s NPF European Pension Fund

For the first time after the crisis the bank invests in a Russian NPF

Despite the risk of a reversal of the pension reform in Russia, the European Bank for Reconstruction and Development (EBRD) believes in the prospects of this business and is increasing its investments in the sector. In addition to the stake in NPF "Renaissance life and pensions", EBRD is acquiring a 30% equity stake in NPF European Pension Fund (EPF).

The supervisory board of NPF European pension fund has been headed by Rijkman Groenink, who used to run the giant ABN AMRO.