Cyprus banks except for its two biggest lenders, the two worst-hit by a financial crisis, are to reopen on Tuesday after a 10-day lockdown for fear of a run on deposits, state media reported.
Cypriots and foreigners wait in line to withdraw money from an ATM of a Laiki (Popular) Bank branch in the Mediterranean city of Limassol on March 21, 2013. Cyprus banks except for its two biggest lenders, the two worst-hit by a financial crisis, are to reopen on Tuesday after a 10-day lockdown for fear of a run on deposits, state media reported.
The Bank of Cyprus and Laiki, or Popular Bank, will remain closed until Thursday to give officials time to adjust to measures imposed under an EU-led bailout, the CNA news agency said, citing an unnamed central bank official.