Economy · Cyprus

KEDIPES makes €50 million payment, total repayment reaches €1.9 billion.

5 sourcesFirst reported 21 days agoUpdated 20 days ago

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KEDIPES made a cash payment of €50 million to the government for the second quarter of 2026.
A total of 800 homes have participated in the "Rent Against Installment" Scheme, out of 1,200 approved homes.
The total repayment amount from KEDIPES to the government has reached €1.9 billion.
KEDIPES continues to accept and process applications for the "Rent Against Installment" Scheme.

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KEDIPES has made a cash payment of €50 million to the government for the second quarter of 2026, as part of its repayment obligations for state aid previously received by the former Cyprus Cooperative Bank. This latest payment brings the total repayments made by KEDIPES to approximately €1.9 billion.

In conjunction with this financial transaction, KEDIPES is also actively managing the "Rent Against Installment Plan," with 800 homes out of 1,200 approved already integrated into the program. The agency continues to accept and process applications for this scheme, which aims to assist individuals in managing their housing payments.

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KEDIPES makes €50 million payment, total repayment reaches €1.9 billion.

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