Insider Business Very generous salaries at KEDIPES

Very generous salaries at KEDIPES

Very generous salaries received by 24 of the total of 339 employees at Cyprus’ state asset management company (KEDIPES) raise the monthly payroll up to €778,019,11, informed sources told Phileleftheros.

In fact, these 24 employees earn a gross salary ranging from €5,000 to €8,000 monthly.

KEDIPES was established as a 100% subsidiary of the collapsed Cyprus Co-operative Bank to manage the non-performing loans, real estate and other assets that were not part of the transfer to Hellenic Bank.

Specifically, out of the 339 employees, only 1.18% or just four, get a monthly gross salary of up to €1,000, including bonuses. Monthly salaries ranging from €1,001 to €2,000 are earned by 48.38% or 164 of employees. This salary scale includes most employees.

Higher salaries, ranging from €2,001 to € 3,000 are earned by 29.50% or a total of 100 employees. This is the second, in number of employees, salary scale. A monthly salary of €3,001 to €4,000 goes to 13.86% or 47 of employees.

But there are also more expensive ones, with 16 employees getting a monthly gross salary of €4,001 to € 5,000 which is equivalent to 4.72% of the 339 employees. In addition, four employees or 1.18% get a salary ranging from €5,001 to €6,000. Another three have a monthly salary of €6,001 to €7,000 which represents 0.88% of all employees.

And there is also one employee who gets a salary between €7,001 and €8,000, representing 0,29% of the total.

At the same time, there are now 19 different permanent staff agreements with three different unions – ETYK, SEK PEO. As well as a different agreement for staff on contract.

Phileleftheros has found out that 90 employees are manning the department of documents and processing service, 30 are in the department of technology and data management, and nine are in the portfolio management and agreement with the servicer department.

In addition, five employees are in the insolvency framework and arbitration commission department and another eight with that for the management of overdue payments.

Moreover, seven employees are with the Non-Performing Loans department, one person is in charge of loans by municipalities, and another four are in the government-guaranteed loan management department.

 

Read more:

https://in-cyprus.com/hints-about-non-transparent-kedipes-procedures/

 

Top Stories

German Presidency ready for difficult discussions on pandemic recovery, MFF and Brexit

  Germany, which assumed the presidency of the Council of the EU on July 1, is prepared for hard and difficult discussions and compromises on...

Cyprus to enter the natural gas era, Defa Chairman says

  As of tomorrow, when President Nicos Anastasiades will lay the foundation stone for the construction of the Cyprus LNG Import Terminal Project in Vasilikos,...

Three test positive for coronavirus, total now 1008

  Three people have tested positive for coronavirus after a total of 1691 tests, the Health Ministry said on Wednesday. This brings the total number...

Government says continuing demarches on crossing points

    Demarches continue on the part of the government of Cyprus, both with the United Nations and Turkish Cypriot leader Mustafa Akinci in relation to...

Cyprus to establish a Deputy Ministry of Culture

    Cabinet has decided to go ahead with the establishment of a Deputy Ministry of Culture, Deputy Government Spokesman Panayiotis Sentonas said on Wednesday. “Following a...

Taste

How to make triandafillo ice cream, by UK Cypriot chef Loulla Astin

  Just in time for the scorching heat, UK Cypriot chef Loulla Astin has shared her recipe for refreshing triantafillo ice cream -- or as...

Cyprus sprouts with cream and prosciutto

In a big, deep frying pan, fry the prosciutto in the olive oil, on medium heat for 2 minutes. Add the onion and garlic...

Pork burger with sundried tomatoes, mozzarella and anchovies

Mix all the ingredients together with the mince in a bowl, and combine well. Divide into 4 balls and form the burgers. Warm a griddle/pan...

Sheftalies

Wash the lamb cauls with plenty of cold water and let them settle in water and vinegar for a little while. Soak the bread crumbs...