Saturday December 20, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Cyprus bank deposits rise 1.2 pct y/y on non-EU inflows

Deposits in Cyprus's banking system rose 1.2 percent year on year in 2012, Central Bank data showed, driven by inflows from outside the European Union amid financial strain on the island which is seeking an international bailout.

Combined deposits in Cyprus-based banks stood at 70.15 billion euros at the end of December. The bulk, 43.3 billion euros' worth, were held by Cyprus residents.

Depositors from other EU member states held 5.3 billion euros in the system, 1.2 percent down from a year earlier.

Depositors from the rest of the world, generally believed to be mostly Russians though the Central Bank does not offer a breakdown of data, held 21.5 billion euros on the island. That was a 7 percent increase over 2011.

Cyprus's close business ties with Russia have come under scrutiny from its euro zone peers while it negotiates desperately-needed financial aid. The island, which offers the lowest nominal corporate tax rate in the euro zone, has been accused by some politicians, particularly in Germany, of being a hub for money laundering.

Cyprus denies the charge, saying its financial regulations are continuously being reviewed and tightened to ward off illicit activities.

The island, one of the smallest in the 17 member euro zone, sought financial aid in June 2012 after its banks reported significant losses to an EU-sanctioned debt writedown for Greece. Its total bailout bill could reach 17-17.5 billion euros, roughly equalling its annual output.

[Reuters]

ekathimerini.com , Tuesday Jan 29, 2013 (11:40)  
Workers rush to get early retirement
Piraeus Containter Terminal goes from strength to strength
Moscovici: Creditor inspections to become less frequent and lighter
Property capital gains tax halt
Tsipras admits there could be hard days ahead
SYRIZA leader Alexis Tsipras said on Friday that he is determined to implement his partys economic program if it comes to power but admitted that it would experience a challenging period. ...
Public medical centers keeping up despite shortages
Despite having just 1,050 doctors, medical centers belonging to Greeces public health system (PEDY) saw more than 200,000 regular and emergency patients, made over 3,500 house calls and iss...
Inside News
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
SOCCER
Abidal cuts short playing career at Olympiakos
Former France and Barcelona defender Eric Abidal announced his retirement from football on Friday, a day before his last match. Abidal said he will finish after playing for Olympiakos agains...
Inside Sports
COMMENTARY
New weapons of diplomacy
Hollywood screenwriters couldnt make it up: That Sony, one of the worlds biggest film producers, would be forced to pull a comedy about the assassination of North Koreas dictator after a ...
EDITORIAL
Oblivious to change
The world around us is undergoing many important changes while we sit around stewing in our own juices. US President Barack Obama is actually talking with Cubas Raul Castro, for example, bu...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Explosive Barca unfazed by Panathinaikos, bomb scare
2. Tsipras admits there could be hard days ahead
3. Public medical centers keeping up despite shortages
4. Workers rush to get early retirement
5. Piraeus Containter Terminal goes from strength to strength
6. Moscovici: Creditor inspections to become less frequent and lighter
more news
Today
This Week
1. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
2. Independent Greeks MP Haikalis claims attempted bribery for presidential vote
3. Independent Greeks leader backs MP's bribery claims, threatens to release video [Update]
4. Greek PM Samaras confronts peril putting his Greek transformation to vote
5. Former premier Mitsotakis to meet President Papoulias to discuss political upheaval
6. Gov't spokeswoman says bribery claims 'badly-played charade,' heralds legal action if evidence not produced
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. Europe's drama in Greece needs final act to avoid tragedy
6. High stakes
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.