Who We Are

KEDIPES Asset Management 

KEDIPES Asset Management with registration number HE387704 was established on August 14, 2018, as a private Limited Liability Company based on the Companies Law Chapter 113. It is a subsidiary of the Cooperative Asset Management Company Ltd (SEDIPES), which owns 100% of KEDIPES and parent company of CCSRE Real Estate Company Ltd.

KEDIPES holds a license to operate as a servicer of credit facilities (Credit Servicer), based on the Sale of Credit Facilities and Other Related Matters Laws of 2015 to 2024 (Law 169 (I) / 2015 to Law 121(1)/2024), as well as a license to carry out credit provision activities, based on the Credit Agreements for Consumers relating to Residential Immovable Property Laws of 2017 to 2024 (Law 41 (I) / 2017 to Law 119 (I) / 2024), both issued from the Central Bank of Cyprus.

The main activity of KEDIPES is:

• The company's goal is to effectively manage assets in a manner that will lead to a sustainable restructuring of loans in cooperation with borrowers. When this proves to be impossible, alternative methodologies are employed such as auctions, liquidations, or sale of assets in a systematic manner, to maximize the value of repayment towards the State aid received by the ex-Cyprus Cooperative Bank.
• The assets and share capital of KEDIPES are pledged for the benefit of the Republic of Cyprus in relation to the state aid provided to the ex-Cyprus Cooperative Bank Ltd. Consequently, the proceeds from the management of the assets will repay the state aid.