Progress Report KEDIPES up to 31/3/2023
- Repayment of State Aid €60mln for Q1 2023 and further repayment €60mln for Q2 2023.
- Cash repayment of 1 billion Euro from the beginning of operations.
- Total cash inflows of €106,7mln for Q1 2023. The quarter was negatively impacted by suspensions of foreclosures and problems in the Land Registry’s electronic systems.
- Improvement of cash inflows in Q2 2023, due to the normalization of the above challenges. There is a concern however, with part of the legislation proposals.