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New payment of 80 million euros from KEDIPES to the state

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The payment in question was made as part of the repayment of the state aid received by the former Cyprus Cooperative Bank

Νεα καταβολor 80 εκατομ&mu ;υρiων ευρo απo ΚΕΔΙΠΕΣ προς το κ&rho ;aτος

A new payment in cash to the state of 80 million euros for the 4th quarter of 2023 was decided by the KEDIPES Board of Directors at its session yesterday.

According to a KEDIPES press release, the payment in question was made as part of the repayment of the state aid received by the former Cyprus Cooperative Bank.

It is noted that since the beginning of operations of KEDIPES, the total amount of state aid repayment in cash amounted to 1,160 million euros, of which 280 million euros were paid within 2023.

At the same time, it is reported that KEDIPES maintains a reserve of 60 million euros in cash for the purposes of financing the “Rent for Installment” Scheme, of which KEDIPES is the implementing body.

Source: www.kathimerini.com.cy

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