How safe are the banks

apoolo · #1 (**permalink**) 16th June 2012, 01:33 PM

can anyone tell me how safe are savings are in the cyprus banks? thank you

virgil · #2 (**permalink**) 16th June 2012, 02:50 PM

Quote:

Originally Posted by apoolo

can anyone tell me how safe are savings are in the cyprus banks? thank you

As safe as the banks in Greece: Episode 301 — RT

Vegaanders · #3 (**permalink**) 16th June 2012, 05:18 PM

Quote:

Originally Posted by virgil

As safe as the banks in Greece: Episode 301 — RT

Cypriot Deposit Protection Scheme give a safety of 100000 Euro and is the same in all EU

Pam n Dave · #4 (**permalink**) 17th June 2012, 05:30 AM

The Cypriot Deposit Protection Scheme is guaranteed by the Cyprus Government I think. You need to ask yourself what happens if they haven't got the will or the means to fulfil their obligations in a timely manner.