State-owned asset manager to extend mandate up to 2030

KEDIPES, the state-owned asset management company, is set to extend its mandate up to 2030 aiming to the full repayment of the state-aid granted by the government, Lambros Papadopoulos, President of the board of directors of KEDIPES has said.

KEDIPES was the residual entity that undertook to manage the non-performing loans and real estate assets that were excluded from the sale of the former Cyprus Cooperative Bank (CCB) to Hellenic