Cyprus depositors 'could lose 60%'
Bank of Cyprus depositors with more than 100,000 euros (£84,300; $128,200) could lose up to 60% of their savings as part of an EU-IMF bailout restructuring move, officials say.
The central bank says 37.5% of holdings over 100,000 euros will become shares.
Meanwhile savers with large deposits at the other troubled lender, Laiki Bank, could see even higher losses.
Mark Lowen reports from Athens.
30 Mar 2013
- From the section Europe