Kedipes reports record inflows of €439 mln for 2022
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...
Kedipes
Cyprus Business Now
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...
Kedipes chairman: ‘foreclosure bill will affect ability to repay the state’
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...
Kedipes’ former Co-op assets transferred
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,...
Mortgage to rent scheme for distressed borrowers moves ahead
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,...
Financial ombudsman writes off person’s loans
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...
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...
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,...
