Does Cyprus bank account has depositor insurance?

[zack]

I want to know if the banks in Cyprus have a depositor insurance and how much the amount is?

 

[Zqq]

Yes, up to 100,000 EUR per depositor per bank.

 

[JohnLocke]

Government of Cyprus guarantees deposits up to €100.000 per local bank. Local banks are for‌ instant Bank of Piraeus, Bank of Cyprus and Laiki Marfin etc..

 

[alain]

Thanks to both of you for the speedy reply. very helpful.

 

[alain]

Thankfully we never got into any troubles with our funds and Piraeus bank account. Everything‌ is working as usual for us again.. great support by all means.

 

[quickfix]

The banks at the Greek art of Cyprus‍ have all depositor Insurance according to applicable European regulations.

 

[bothe]

[No content provided]

 

[JohnLocke]

Second that and‍ can confirm as long we speak Bank of Cyprus and Bank of Piraeus Cyprus they⁠ are insured.

 

[alain]

Still no issues with Piraeus bank and out funds there, everything is standing strong and‌ their support is responsive.

 

[Cauddyensutty]

All the banks I have been researching have depositor insurance as per EU regulations.

 

[alain]

Second that... so far no European bank can stay in business without depositor‌ insurance!

 

[JohnLocke]

Yeah all the major banks in Cyprus have a depositor insurance as required by EU‌ Financial body!

 

[ImKing]

That's very good to know because I'm opening bank account in Cyprus at moment and‌ don't want to get troubles when I transfer my money to the account. I make‍ only 5k profits a week but still it get to some amount over time.

 

[wonderwilly]

What's with the situation in Greece, will this insurance come into action if something goes‌ wrong in Greece? Cyprus will be affected I assume!

 

[JohnLocke]

[No content provided]

 

[fernadex]

So according to your other comment Amdin, regardless what happen in Greece the banks in‌ Cyprus will continue to operate as usual so this insurance discussion doesn't matter.

 

[alain]

[No content provided]

 

[clemens]

Count me in 🙂

 

[alain]

This http://ec.europa.eu/finance/bank/guarantee/index_en.htm may be of interest for you to read.

 

[Cauddyensutty]

Thanks for‌ this link, that's helpful.