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Cash collections of the Cyprus Asset Management Company (KEDIPES) reached €95.2 million in the second quarter of 2021 with total cumulative cash collections since KEDIPES establishment in September 2018 exceeding €1 billion. Assets under management (excluding interest capitalisation) declined to €6.33 billion in the Q2 2021 from €8.25 with total deleveraging amounting to €1.93 billion while KEDIPES repaid over €0.5 billion of the state aid amounting to €3.5 billion.KEDIPES began operation in September 2018 to manage the non-performing assets of the …
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