Financial Services category powered by

KEDIPES repays €70m, total repayment to the state now at €1.47 billion

11:51 - 19 December 2024

Financial Services Reporter

State-owned asset management company KEDIPES has made a payment of €70 million in cash for the fourth quarter of 2024, as part of the repayment of the state aid received by the former Cyprus Cooperative Bank.

Following this development on 19 December, the total cash repayment amount for 2024 amounts to €310m. with a simultaneous increase in the cash reserve for the 'Rent-to-Installment' Scheme by €20m. (from €80m to €100m), in view of the increased number of eligible applications.

Since 2018, when KEDIPES began its operations, the total amount of cash repayments against state aid amounts to €1.470 billion.

(Source: InBusinessNews)

News Feed

Read More

MHV: The Landmark Nicosia anticipated to open in Q4 2025, the first tower at Parklane is progressing well
Four new stores opening at the Mall of Cyprus this festive season
How the 'Rent vs. Installment' Scheme is evolving
KEDIPES repays €70m, total repayment to the state now at €1.47 billion
Cyprus Institute participates in international study on climate change and air pollution risks
Construction materials prices stabilise in November
US Senate's passing of NDAA very important step in Cyprus-US relations, Spokesperson says
Cyprus ready for consultations to find common basis on electricity interconnection, Minister says
President Christodoulides in Brussels for European Council meeting
Cyprus must soon say whether or not it accepts 'Aphrodite' offshore gas field plan, Minister says