Bulgaria Has EUR 100 M in Cypriot Banks

Bulgarian individuals and companies, which are not banks, have a total of EUR 100 M in deposits in Cypriot banks, according to data of the Central EuropeanBank. The total amount of deposits is EUR 107.8 B, of them EUR 38.2 B belong to otherbanks, while the rest are owned by private companies and individuals. Of the latter, Cyprus citizens have deposits in the amount of EUR 56.6 B.

Among foreign citizens, Russians hold the lead. According to estimates, Russianprivate and corporate assets in Cypriot banks are believed to total anywhere from EUR 23 B to EUR 35 B. Among EU Member States, Greeks have the most money in Cypriot banks – EUR 4.7 B, followed by the Brits with EUR 2 B.

The European Central Bank said in a statement Thursday it would continue to provide emergency financing to Cypriot banks until Monday. After that, such assistance could be discussed only if a program of EU-IMF is in place to guarantee the stability of these banks.

Source: novinite.com