Cyprus to pay €28.7 million compensation to 2013 financial crisis victims
Victims of the 2013 financial crisis in Cyprus, who lost savings due to bank deposit cuts, are set to receive a partial payment of €28.7 million. The compensation will be distributed through a National Solidarity Fund established for individuals with deposits exceeding a certain threshold in Laiki Bank and the Bank of Cyprus.
This follows a prior payout last year, when €44.36 million was paid to 4,524 claimants. The Cyprus finance ministry has prepared the budget for the upcoming compensation, and the House Economy Committee is scheduled to discuss it today. This fund aims to provide financial relief to those who suffered losses during the banking crisis.
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