‘, Haircut’ depositors compensation platform reopened

‘, Haircut’ depositors compensation platform reopened

An online platform for depositors affected by the 2013 “haircut” will reopen on Tuesday, allowing private clients of Bank of Cyprus and Laiki Bank to apply for compensation. Applicants must have a Cypriot identity card or residence permit for Cyprus, and the platform will be available until May 25. Compensated applicants are estimated to receive around €8,000 for each €100,000 lost, with approximately 30,000 eligible customers.

Over 7,000 applications for bank haircut solidarity fund

Over 7,000 applications for bank haircut solidarity fund

– 7,500 people have applied for the national solidarity fund scheme for depositors and bondholders affected by the bank haircut in 2013.
– The fund has €160 million and will receive an additional €50 million annually from the state.
– It is uncertain if each beneficiary will receive €8,000 for every €100,000 they lost.