State-owned asset management company Kedipes announced on Monday that it repaid €100 million in state aid during the second quarter of the current year.

Following the latest tranche, Kedipes’ state aid repayments have reached €740 million in total.

The repayment amount in the second quarter is the largest payment since Kedipes started paying the state back.

The company attributed this to the excellent cash inflows that have taken place during the first half of 2022, in combination with the reduction of outflows for liabilities.

Last year, Kedipes paid €250 million in state aid for the entirety of 2021, with fourth quarter repayments amounting to €60 million.

At the end of 2021, Kedipes’ state aid repayments hit a total of €570 million since its creation in 2018.

Hellenic Bank on Monday announced that its customer contact centre (CCC) received the annual International Standards certification ISO 18295-1, renewing the certification from the previous year.

“In this way, our CCC remains the first Contact Centre of a financial organisation in Cyprus, which holds this certification,” the bank said.

ISO 18295-1 is a new international standard, with specific requirements for customer contact centres to improve the robustness and efficiency of the customer service provided.

“By obtaining this certification, Hellenic Bank’s Customer Contact Centre reaffirms the high level of service offered, the fast and reliable customer-centric approach verifying the Bank’s customer-focused strategy and its commitment to continue to offer even more personalised services to respond to demanding customer expectations,” the bank explained.

The Price Index of Construction Materials rose by 21.81 per cent in May 2022, compared to the corresponding month of 2021, continuing the upward trend that follows from January 2021.

For the month of May 2022, the index reached 133.06 units, recording an increase of 0.28 per cent compared to the previous month.

Compared to the corresponding month of the previous year, the index recorded an increase of 21.81 per cent.

By main product category, increases were recorded in metal products, which rose by 36.33 per cent), as well as wood products, insulation, chemicals and plastics with an increase of 21.23 per cent.

Moreover, electromechanical items’ prices increased by 14.08 per cent, mineral products by 10.24 per cent, while minerals rose by 9.27 per cent.

The Cyprus Stock Exchange (CSE) ended Monday, June 20 with losses.

The general Cyprus Stock Market Index was at 70.03 points at 12:30 during the day, reflecting a drop of 1.25 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 41.98 points, which represents a decrease of 1.29 per cent.

The total value of transactions came up to €32,612.

In terms of the sub-indexes, the main and alternative indexes fell by 1.83 per cent and 0.30 per cent respectively.

The investment firm and hotel indexes remained stable.

The biggest investment interest was attracted by the Bank of Cyprus (-1.38 per cent), Hellenic Bank (-4.13 per cent), Petrolina (-1.79 per cent), Atlantic Insurance (no change) and CLR Investment Group (no change).