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The Cyprus Asset Management Company’s (KEDIPES), a state-owned AMC, cash inflow declined to the lowest point since its inception, affected by Coronavirus pandemic.According to a progress report for the second quarter of 2020, cash inflow declined to €53 million, marking a reduction of 32% over the previous quarter, affected by the measures to contain the coronavirus pandemic.Revenue from asset management (loans and real estate) amounted to €50.9 million or 0.7% of the KEDIPES’ nominal portfolio value amounting to €7.58 billion …
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