Advertisement 
Cyprus state owned asset management company (KEDIPES) announced on Tuesday it payed the state €60 million, in its first instalment over its €3.6 billion debt owed to the state. 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 billion, assuming non-performing loans and real estate amounting to €8.2 billion. KEDIPES also announced the …
Advertisement
Advertisement
