Business

Most Cyprus Banks To Reopen Tuesday: Central Bank Source

A man uses the ATM machine as another man sits outside of a closed branch of Laiki bank in capital Nicosia, Cyprus, Monday, March 25, 2013. Cyprus clinched a last-minute solution to avert imminent financial meltdown early Monday after it agreed to slash its oversized banking sector and inflict hefty losses on wealthy depositors in troubled banks to secure a 10 billion euro ($13 billion) bailout. (AP Photo/Petros Karadjias)
A man uses the ATM machine as another man sits outside of a closed branch of Laiki bank in capital Nicosia, Cyprus, Monday, March 25, 2013. Cyprus clinched a last-minute solution to avert imminent financial meltdown early Monday after it agreed to slash its oversized banking sector and inflict hefty losses on wealthy depositors in troubled banks to secure a 10 billion euro ($13 billion) bailout. (AP Photo/Petros Karadjias)

NICOSIA, March 25 (Reuters) - Most Cyprus banks will reopen on Tuesday but the Bank of Cyprus and Popular Bank will reopen on Thursday, a Central Bank source said.

"All banks with the exception of Popular and Bank of Cyprus will reopen on Tuesday," the Central Bank source said on Monday.

Popular and Bank of Cyprus would re-open on March 28 and restrictions of a 100 euro ($130)-per-day withdrawal limit from cashpoints, introduced on Sunday, would remain in force until then, the source added.

Cyprus Bailout

Popular in the Community