BUSINESS

Cyprus, EU/IMF Lenders Agree To Bank Tax On Large Deposits: Cypriot Official

Employees of Cyprus' Laiki (Popular) Bank protest outside the parliament building in the capital Nicosia on March 22, 2013, a
Employees of Cyprus' Laiki (Popular) Bank protest outside the parliament building in the capital Nicosia on March 22, 2013, as the east Mediterranean island' two biggest lenders urged lawmakers to adopt a tax on bank deposits, a controversial deal with the EU that the MPs rejected this week. AFP PHOTO/YIANNIS KOURTOGLOU (Photo credit should read Yiannis Kourtoglou/AFP/Getty Images)

NICOSIA, March 23 (Reuters) - Cyprus has agreed with EU/IMF lenders a 20-percent levy on deposits over 100,000 euros ($130,000) at leading lender Bank of Cyprus and a 4-percent levy on deposits of the same amount at other lenders, a senior Cypriot official said on Saturday.

The official, who spoke on condition of anonymity, said a Cypriot plan to tap nationalised pension funds, opposed by Germany, would not be part of a plan to raise billions of euros in return for a bailout from the European Union.

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