Kedipes state aid repayments hit €570mln
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...
Kedipes
Police to probe 24 cases related to former co-op brass and staff
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...
Kedipes likely to operate as ‘bad bank’ for NPLs next year
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...
Kato Pyrgos angered by move to sell co-op building
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,...
Six investors short listed to take over Kedipes loans
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...
PEPs with bad debts at former co-op published
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...
700 borrowers deemed non-viable for loan subsidisation under ESTIA scheme
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...
PEPs had substantial loan amounts written off (Updated)
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...
Kedipes expects 25 per cent drop in revenue
The Cyprus Asset Management Company’s (Kedipes) expects a 25 per cent drop in revenues at the end of 2020, compared to last year, the decline...
Kedipes cash inflows dip to lowest point
During the second quarter of this year the Cyprus Asset Management Company’s (Kedipes) cash inflows dipped to their lowest point since the entity’s inception. In...
