#Laiki Bank

Compensation payments of about €44.36 million were made to 4,524 affected depositors and holders of securities from the 2013 banking crisis, government spokesman Konstantinos Letymbiotis said on Thursday. Speaking to reporters at the ...

The cabinet on Wednesday approved the amount of €100,005,000 for the national solidarity fund for the 2025 scheme to compensate losses for former Laiki bank depositors. Finance Minister Makis Keravnos said the ...

The National Solidarity Fund’s committee agreed on Friday on the structure of a scheme to compensate losses for former Laiki bank depositors, with Sykala – the Laiki Bank Depositors Association – ...

Bank depositors and bondholders whose savings were wiped out in the 2013 ‘haircut’ will receive a fraction of their losses as compensation, officials said in parliament on Monday. The House finance ...

Eleven years plus after the devastating bank bail-in of 2013, the clock is ticking for those still seeking restitution. The statute of limitations already expired years ago. Meantime one after another ...

Disy MP Averof Neophytou on Tuesday called on other parties to quickly adopt and pass through the legislature a proposal affording partial restitution to those who saw their bank savings ...

Limassol district court dismissed on Thursday four consolidated lawsuits against the now-defunct Laiki Bank of Cyprus, the Central Bank of Cyprus, and the Republic of Cyprus concerning the 2013 haircut. The ...

The attorney-general’s office said Thursday it has appealed a ruling by Limassol district court that found in favour of depositors with now-defunct Laiki (Popular) Bank whose uninsured savings got ...

MPs raised concerns on Monday regarding the government’s plan to move the foreign ministry temporarily to the former Laiki Bank building while its current headquarters undergoes renovations. The concerns ...

The foreign ministry is to temporarily move to the former Laiki Bank head quarter in Strovolos, according to reports. Subject to final approval from the Strovolos municipality, the government is ...

A Limassol court this week found in favour of a group of depositors with now-defunct Laiki (Popular) Bank who saw their savings wiped out in the March 2013 ‘haircut’, awarding them €5.7 ...

Andreas Theofilou, the lawyer who won the first case on Laiki Bank deposit haircuts for his client, said on Friday that he is confident that his office will be able ...

Everyone will have been surprised by the Limassol district court’s decision in favour of a Laiki Bank depositor who had sought compensation from the authorities for the loss of ...

A court decision awarding over €780,000 to a depositor who lost his Laiki Bank savings due to the 2013 ‘haircut’ ignited a wave of reactions on Thursday, with the attorney general’s ...

The Appeals Court has voided a prior court ruling which had fined a former banker €100,000 for having made misleading statements concerning the cash flow of now-defunct Laiki (Popular) Bank. The ...

Individuals or entities who sued the Central Bank of Cyprus (CBC) over bonds linked to Bank of Cyprus or former Laiki bank relating to the 2013 financial crisis may be entitled ...

Limassol district court on Wednesday rejected a lawsuit filed by depositors in the former Laiki Bank against the state in relation to the haircut on deposits in 2013. The attorney general’...

Akel MP Irini Charalambidou said Monday she was pleased a bill compensating depositors of legacy Laiki bank would soon head to the plenum for a vote. “It is with particular ...

A court has ruled that the state has no responsibility for the bail-in imposed on depositors of Cyprus Popular Bank (CPB) in 2013, when the lender was wound down as part ...

Limassol district court on Monday rejected a court case claiming the measures taken in March 2013 were unconstitutional and illegal. The president of the Limassol district court dismissed a lawsuit against ...