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Friday, July 19, 2024

At €1.36 billion, the total KEDIPES repayment to the state after the payment of €60 million.

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    Σ&tau ;α€1.36 διυνοκor απληρω ΚΔΠΕσκρςμενκατ ;αβολor €60 εκ.

    According to an announcement by KEDIPES, the total cash repayment amount for 2024 amounts to €200m

    On June 26, 2024, a cash payment of €60 million was made, which was already announced in the last KEDIPES Work Management Progress announcement for the 1st Quarter of 2024 and concerns the 2nd Quarter cash flows 2024, as part of the repayment of the state aid received by the former Cyprus Cooperative Bank.

    According to an announcement by KEDIPES, the total cash repayment amount for 2024 amounts to € 200 million.

    Since 2018 when KEDIPES started its operations, the total amount of repayment in cash against the state aid amounts to €1.36 billion.

    Source: cyprustimes.com

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