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Losses for big Cypriot bank depositors could be around 40 pct-minister
March 26, 2013 / 9:01 AM / 5 years ago

Losses for big Cypriot bank depositors could be around 40 pct-minister

LONDON, March 26 (Reuters) - Cyprus’s Finance Minister Michael Sarris said on Tuesday big depositors in Cypriot banks could lose about 40 percent of their deposits as part of a 10-billion euro international rescue plan.

“It could be in that neighbourhood but I do not want to anticipate it,” Sarris told BBC radio, adding the exact figure was yet to be decided. “But what I have seen suggests a number in that neighbourhood.”

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