Advertisement

  1. National

UK customers escape bank levy

Around 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.

View all 200 updates ›

MoD: Further shipments of cash to Cyprus possible

The Minister of Defence has released the following statement regarding the plane carrying cash that has left for Cyprus to help British military personnel and their families:

An RAF flight left for Cyprus this afternoon with €1m on board as a contingency measure to provide military personnel and their families with emergency loans in the event that cash machines and debit cards stop working completely. We will keep this under review and consider further shipments if required.

The MoD is proactively approaching personnel to ask if they want their March, and future months’ salaries paid into UK bank accounts, rather than Cypriot accounts.

We’re determined to do everything we can to minimise the impact of the Cyprus banking crisis on our people.

– mod spokesman
  1. Read more
  2. 200 updates
UK customers escape bank levy #Cyprus

More on this story