Bill provides initial compensation for all who suffered haircut on deposits

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Bill provides initial compensation for all who...
 © In-Cyprus 2019
A proposed bill which was debated yesterday before the House Finance Committee provides that all who suffered haircut on deposits back in March 2013 when Cyprus’ banking system collapsed will initially be eligible for compensation -including legal persons.

Under the bill, drafted by ruling Disy and centre Diko, no one will initially be excluded from the Solidarity Fund’s compensation over losses. Not even Russian millionaires who saw their deposits shrink and most probably got granted a Cypriot citizenship by the government over some compensation. Or senior bank employees...


This article was automatically added to our system 11-6-2019

Bill provides initial compensation for all who suffered haircut on deposits


The contents of this article including any associated images are © In-Cyprus 2019
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Article Tags: provides, initial, compensation, suffered, haircut, deposits,