The pandemic of the Covid-19 reduced by 35.6% the cash inflows of the first quarter of Cyprus Asset Management Company (KEDIPES)

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Significant reductions of 35.6%, due to the coronation pandemic event last March, were presented by the cash inflows of the First Quarter of 2020 of the Cyprus Asset Management Company (KEDIPES), which were limited to € 78.0 million, one € 121.2 million in the previous quarter.

“Despite the partial recovery occurs in June, the negative impact of the pandemic and the measures will remain important for the rest of the year” , said Chairman of the Board of KEDIPES Lambros Papadopoulos under today’s press conference at which were presented the financial results for the first quarter of 2020.