State-owned Cyprus Asset Management Company ( Kedipes ) has reached a preliminary agreement with Hellenic Bank to terminate the Loan Guarantee Scheme (LGS) and repurchase a portfolio of non-performing loans (NPLs) .
The agreement also provides for the termination of all associated obligations and compensation guarantees related to the 2018 Asset Transfer Agreement.
That agreement facilitated the sale of the former Cyprus Cooperative Bank’s operations to Hellenic Bank.
In a
