The government distributed 44.36 million euros in compensation to 4,524 depositors and bondholders affected by the 2013 bank bail-in, spokesman Constantinos Letymbiotis announced Thursday.
The payment is the second batch of compensation under the National Solidarity Fund’s Partial Compensation Scheme for 2025, targeting individuals who submitted electronic applications by 13 August 2025 and confirmed their loss details.
“Payments have already been processed to the Central Bank,” Letympiotis told reporters at the Presidential Palace. “The payment of these amounts is not merely a technical procedure, but a clear indication of political will and consistency with which the government implements Council of Ministers decisions, supporting in practice citizens who were affected.”
Second payment batch reaches 4,524 depositors and bondholders
The finance ministry confirmed the compensation covers individuals who lost money during Cyprus’s 2013 banking crisis, when depositors with more than 100,000 euros in accounts at Bank of Cyprus and Laiki Bank faced losses to recapitalise the institutions.
Letympiotis said the process continues “unimpeded, according to the plan, so that all beneficiaries who have confirmed their amounts receive the compensation they are entitled to.”
The spokesman urged individuals who have not yet declared their details on the electronic platform to do so immediately to confirm money lost in the 2013 bail-in.
Finance ministry continues scheduled compensation programme payments
The finance ministry stated that compensation payments will continue at regular intervals, aiming for “timely and fair service” of all beneficiaries under the scheme.
Individuals who submitted participation applications between 20 December 2023 and 25 May 2024 but have not yet confirmed their details can do so until Tuesday, 30 September 2025, the ministry said.
The payments form part of Cyprus’s ongoing effort to compensate citizens affected by the banking crisis that accompanied the country’s 2013 international bailout programme.
Cyprus received a 10 billion euro rescue package from the European Union and International Monetary Fund in March 2013, conditional on restructuring its banking sector through the bail-in mechanism.
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