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Cypriot Banking Crisis – resumption of payments to the majority of affected bank accounts

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Following dialogue with the UK Government, the Scottish Government has requested that scheme administrators resume payments to Cypriot bank accounts with immediate effect. For the avoidance of doubt this includes Bank of Cyprus and Laiki / Cyprus Popular accounts in Cyprus.

The only exception is the Romanian branch of Bank of Cyprus which the Scottish Government understands will be closed until at least 8th April. Advice is that payments to this bank should remain on hold until further notice.

The Scottish and UK Governments are continuing to monitor this situation and we will keep you informed of any further changes.

Previous Update

Link to Scottish Government Website