Coronavirus: Kedipes sees income drop in Q1 (Updated)
Kedipes, the state-controlled company set up to manage the co-op’s non-performing assets, saw a 35.6 per cent drop in income in the first quarter of...
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Eurobank, Kedipes report strong 2019
In announcing its results for the last quarter of 2019, showing improvements across several metrics including profits and capital adequacy, Eurobank this week said it...
Coronavirus: Foreclosures suspended until June 30
The state asset management company Kedipes said Friday it was suspending foreclosure procedures until June 30, in line with a government request. In a statement,...
Failure of mortgage relief scheme a ‘negative development’
The lack of interest by stricken borrowers in the Estia mortgage-relief scheme is a negative development for the state-owned Cyprus Asset Management Company (Kedipes), officials...
Workers at Co-op subsidiary go on strike
Some 250 workers at the Cyprus Asset Management Company (Kedipes) and its affiliate Altamira, a real estate company, staged a 24-hour strike Monday, a shot...
State-owned asset-management company brings in €288m in its first 10 months
The Cyprus Asset Management Company (Kedipes) generated income of €288.3 million in the first 10 months of operation of the state-owned asset manager, established following...
State-owned company told – again – to come clean over loans to politically exposed persons
The attorney-general has reaffirmed the state-owned asset management company’s (Kedipes) obligation to hand over information as part of a probe into the possibility of the...
Kedipes ‘stalling’ probe into loans held by PEPs (update)
THE state-owned asset management company (Kedipes) appears to be stonewalling a probe into the possibility of the co-op bank affording favourable treatment to politically exposed...
Government admits some co-op properties were sold, defying promises
THE government on Thursday admitted the sale-for-cash of certain properties belonging to the now-defunct co-operative bank, but also said it has put an end to...
Kedipes generates €101 million
The state-owned Cyprus Asset Management Company (Kedipes), which was established following the sale of the former Cyprus Cooperative Bank to Hellenic Bank, generated an income...
