Cyprus Mail
Business

Deposit levels down €21bn compared to pre-bail-in levels

By Stelios Orphanides

The 2013 banking crisis continues to haunt deposits in Cyprus’s banking system, two years after depositors at Bank of Cyprus and Cyprus Popular Bank, also known as Laiki, lost a significant portion of their savings.

Overall deposits stood at €46.5bn in February compared to €67.5bn two years ago, according to Central Bank of Cyprus data.


Related posts

European shares near record high after Johnson’s UK landslide

Reuters News Service

How to cheaply transfer business from the British Virgin Islands?

.

MP calls on colleagues for action over NPLs

Elias Hazou

Tourism revenue down for first nine months

George Psyllides

Cyprus GDP records growth of 3.4% in Q3

The need for equity investment to boost the Cyprus economy

CM Guest Columnist