KEDIPES’ serviced loans portfolio sought after by banks

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KEDIPES’ serviced loans portfolio sought after...
 © In-Cyprus 2020
KEDIPES’ serviced loans portfolio is sought after by Cypriot banks whose revenues are on the decline and good clientele is their means to channel increased liquidity, Phileleftheros reports.

Small and big lenders have made moves to take over this portfolio from the state-owned Asset Management Company which was established following the collapse of the Co-operative Bank of Cyprus, it added.

The goal is to first channel liquidity into the purchase of a loan package and secondly to boost their income base. KEDIPES serviced loans amounted to €544m at the end of Q3 2019...


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This article was automatically added to our system 21-2-2020

KEDIPES’ serviced loans portfolio sought after by banks


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Article Tags: kedipes, serviced, loans, portfolio, sought, after, banks,