#Kedipes

Borrowers are receiving letters of approval for participation in the mortgage to rent scheme, running from December 2023 to September 6, 2024. Through the scheme, eligible applicants transfer the ownership of their primary ...

The year 2023 marked the highest annual inflows since the establishment of the state-owned asset management company Kedipes in 2018, according to statements made on Tuesday by chairman Lambros Papadopoulos. As of ...

The mortgage to rent (MtR) scheme for vulnerable lenders will come into effect on December 4, finance ministry permanent secretary George Panteli said on Friday, presenting the scheme at a press ...

Cash flows at Kedipes – a state-owned asset management company – during the third quarter of this year were similar to those in the respective quarter of 2022, the outfit said on Tuesday. ...

State-owned Cyprus asset management company Kedipes on Tuesday announced revisions in pricing for existing restructured loans. According to a written statement, this decision arose after cumulative increases in the interest ...

State-owned Cyprus asset management company Kedipes has repaid €1 billion to the state for the aid it received, since its inception nearly five years ago, according to chairman Lambros Papadopoulos. “The ...

State-owned Cyprus Asset Management Company (Kedipes) on Wednesday reported record cash inflows of €439 million for 2022, as well as a state aid repayment amount of €310 million, since the company’s creation ...

The board of directors of the state-owned Cyprus Asset Management Company (Kedipes) on Thursday announced that they have decided on a new payment to the state to the tune of €80 ...

State-owned asset management company Kedipes chairman Lambros Papadopoulos on Tuesday said that frequent interventions in the foreclosure framework will negatively affect the company’s ability to generate cash inflows. The ...

The residual entities of the now-defunct Cyprus Cooperative Bank (CCB) have signed a deal involving the transfer of the former lender’s assets. In a statement, Kedipes (Cyprus Asset Management ...

The mortgage to rent scheme is moving forward as state-owned asset management agency Kedipes, the finance ministry, banks and the EU are finalising the details, reports said on Monday. The ‘...

The financial ombudsman has granted debt immunity to a mentally handicapped person, asking the entity to which the money is owed to comply. In a final decision dated May 26, Pavlos ...

State-owned asset management company Kedipes announced on Friday that it repaid €60 million in state aid during the fourth quarter of the previous year, with state aid repayments reaching €250 million for ...

The finance ministry has conveyed to police 24 cases to investigate in relation with former co-op bank brass and staff, the House watchdog committee heard on Thursday, with the force expecting ...

The European Commission is expected to grant state-owned asset management company Kedipes the necessary approval to operate as a bad bank during the second half of next year, the Cyprus ...

Kato Pyrgos community council on Friday voiced objections to a reported decision by asset management company Altamira to sell the former Kato Pyrgos co-op building, which they said had been ...

Six investors have been shortlisted as candidates for the acquisition of a €477m package of performing loans belonging to state-owned asset manager Kedipes. According to the Cyprus News Agency, 13 investors ...

Parliament on Monday published a list of the names of politically exposed persons (PEPs) with bad debts at the former co-op bank, which includes mostly former MPs but also a ...

A total of 700 borrowers with non-performing loans (NPLs) amounting to about €173 million were deemed non-viable for loan subsidisation under the Estia scheme, sources told the Cyprus News Agency on Friday. ...

Politically exposed persons (PEP) had substantial loan amounts written off or swapped debt for assets of lower value, among others, an audit into the entity that succeeded the former co-op ...