The European Commission is considering extending state-owned Cyprus asset management company Kedipes’ business plan until 2030, as outlined in the EU’s 17th Post-Programme Surveillance Report .
The extension reflects recent performance trends and adjustments in the company’s non-performing loan (NPL) strategy.
According to the most recent figures, Kedipes repaid an additional €240 million in state aid during the first nine months of 2024, bringing the total repayment to €1.4 billion