Global Trade Alert
Global Trade Alert

Cyprus: State guarantee scheme for Cypriot banks

Announcement

12 Oct 2012

In October 2012, the government of Cyprus announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

31 Oct 2012

Revocation date:

No revocation date

Loan guarantee

On 12 October 2012, Cyprus notified the EC about its intention to implement a guarantee scheme for Cypriot banks. The Central bank of Cyprus described the objective of the scheme as: 'to enable credit...

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