Cyprus-Forum.com

[DT.]

get real
i know what you are saying, where i was coming from is that cyprus banks will be affected by the outside problems.
how ever good a bank is, it will be effected by things which it cannot control.
over development in spain is now showing some big effects on the countrys banking systems.
i was watching something on tv, they were saying that the greek banks were the little darlings right now, as they didn't have much exposure to the other problems compaired to most other banks.

So if you have any spare dosh are you suggesting we stick it in a Greek Bank? Is there a Greek compensation scheme similar to the one offered by the FSA?

The FSA isn't worth the building its sitting in.

The Greek government has gauranteed all deposits in Greek banks.

DT is there a limit you can invest?
Will the the Bank of Cyprus Greece guarantee all deposits?

here you are mate

http://www.reuters.com/article/rbssFina ... 8920081007

Cheers DT, the article does say that Greek banks will guarantee for bank deposits to 100,000 euros and will be enacted soon.

It looks like the Greeks are proposing a political pledge to guarantee all deposits in Greek banks, regardless of the amount, which would not require legislation. I'm not sure if this has been agreed has it?

Not just yet though I think everyone's expecting this today or tomorrow. Greek banks have already started poaching foreign client deposits due to this edge.

I think they'll be getting deposits from my business and personal accounts if it gets the go ahead. And I'm sure a lot of other people will be doing the same.

Thats not very psycho

[psycho]

DT, I know it's not very psycho but I need the dosh

[sunshine girl]

I think Cypriot banks will folloew western european banks in a few months time. Scary thought, but the global effects are hitting the mainstream banks, the others are bound to follow. I know Cypriot banks own a lot of property, but so do other banks in other countries. And surely it is all about cash flow...
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[EPSILON]

Does anyone have any idea how Banks in Cyprus will be affected by the current global credit crunch situation, i.e. could we see something similar happening to a Cypriot bank in the same way that has happened with Northern Rock and Bradford & Bingley in the UK?

Never my friend- here we have Milo, Karasich, Colombian and other funds. we are not stupids like Americans

[Sotos]

Cypriots did not panic and they will not! What will happen is that there will be some slow down in tourism and the property market but there will be nothing dramatic.

[Rod Thomson]

If you had purchased £1000 of Northern Rock stock one year ago, it would be worth £4.95 today.
With HBOS, you would have £16.50 left of the original £1000
With XL Leisure, you would have less than a fiver.
And if you had purchased £1000 of Seguro Air Lines stock, you would have a measly 49p.

However, if you had purchased £1000 worth of stella one year ago, drank the lot of it, then re-cycled the cans at an aluminium plant for a cash refund, you would have £21.40.
And so, based on the above information, the best current investment advice is to drink heavily and recycle......

[psycho]

If you had purchased £1000 of Northern Rock stock one year ago, it would be worth £4.95 today.
With HBOS, you would have £16.50 left of the original £1000
With XL Leisure, you would have less than a fiver.
And if you had purchased £1000 of Seguro Air Lines stock, you would have a measly 49p.

However, if you had purchased £1000 worth of stella one year ago, drank the lot of it, then re-cycled the cans at an aluminium plant for a cash refund, you would have £21.40.
And so, based on the above information, the best current investment advice is to drink heavily and recycle......

Like your style Rod

[CBBB]

As long as TPap keeps his foreign currency in the local banking system we should be OK (unless it is still in the suitcases).

[cyprusgrump]

If you had purchased £1000 of Northern Rock stock one year ago, it would be worth £4.95 today.
With HBOS, you would have £16.50 left of the original £1000
With XL Leisure, you would have less than a fiver.
And if you had purchased £1000 of Seguro Air Lines stock, you would have a measly 49p.

However, if you had purchased £1000 worth of stella one year ago, drank the lot of it, then re-cycled the cans at an aluminium plant for a cash refund, you would have £21.40.
And so, based on the above information, the best current investment advice is to drink heavily and recycle......

Not wishing to be pedantic...

But at the scrap value of aluminium cans you would have to have purchased 22,715 for your £1,000 to get £21.40 in scrap back.

You would of course also need a new liver...

[CBBB]

Your welcome to have my liver when I have finished with, but I am sure that I have been through a hell of a lot more than 22,715 cans of "wife beater".