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KEDIPES: Payment of € 100 million to the state

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The Board of Directors of KEDIPES decided a new payment to the state of € 100m. for the second quarter of 2022, in the context of the repayment of state aid to the former Cooperative for the facilitation of the redemption of serviced loans by the Hellenic Bank.
With the new payment of the amount of € 100m. The total amount of repayment of state aid in cash since the beginning of KEDIPES operations, amounted to € 740 million
This is the largest amount paid since the beginning of KEDIPES and which is due to the very good cash inflows of the first 2022 in combination with the limitation of outflows for liabilities, is emphasized in a relevant announcement of the company that manages non-performing loans and other assets of the former Cooperative Bank of Cyprus.

Source: politis.com.cy

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