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KEDIPES, the state-owned asset management company announced today that its income from asset management operations amounted to €102 million in the third quarter of 2019, recording a decline of 5.5% from the previous quarter, while its total cash reserves amounted to €243 million. KEDIPES began operations in September 2018 as the residual entity of the state-owned Cyprus Cooperative Bank (CCB) whose performing operations were sold to Hellenic Bank in June 2018. The state aid provided by the government amounted to €3.6 …
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