Monday April 6, 2020

Cyprus Central Bank proposes bank reform bill

The Cyprus Central Bank governor Panicos Demetriades said he had brought a bill of banking reform before parliament that would guarantee bank deposits up to €100,000 and avert the risk of bank closures.

21st March, 2013
Laiki Bank

The Cyprus Central Bank governor Panicos Demetriades said he had brought a bill of banking reform before parliament that would guarantee bank deposits up to €100,000 and avert the risk of bank closures.

He said the bill laid the ground for further ECB funding and would allow the country's banks to reopen on Tuesday. Cyprus banks have been closed since last weekend as the government works to seek a solution to its crisis that could...

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