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]

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

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

 

[bothe]

Yes' date=' up to 100,000 EUR per depositor per bank.[/quote']
I agree to this. No bank within the EU is allowed to operate without this Insurance, that apply since the Financial crisis in 2009!

 

[JohnLocke]

I agree to this. No bank within the EU is allowed to operate without this Insurance, that apply since the Financial crisis in 2009!

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]

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

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]

What's with the situation in Greece' date=' will this insurance come into action if something goes wrong in Greece? Cyprus will be affected I assume![/quote']
We all will have to see during the next days, I'm sure they will sort it out

 

[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]

So according to your other comment Amdin' date=' regardless what happen in Greece the banks in Cyprus will continue to operate as usual so this insurance discussion doesn't matter.[/quote']
During the entire financial crisis I didn't realize any issue at all with my banking in Cyprus. This I don't just say but really mean it, no issues the one that was rised are solved quickly.

 

[clemens]

During the entire financial crisis I didn't realize any issue at all with my banking in Cyprus. This I don't just say but really mean it, no issues the one that was rised are solved quickly.

Count me in

 

[alain]

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

 

[Cauddyensutty]

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

Thanks for this link, that's helpful.