The Association of Cyprus Banks acknowledges the disruption caused by Eurogroup’s recent decision in relation to Cyprus and the subsequent developments. It urges bank customers to remain calm and avoid panic.

The Association and it’s member banks remain vigilant in view of the current developments and are closely monitoring the situation in cooperation with the Central Bank of Cyprus and the Cypriot Government. The Association is ready to take any necessary measures to protect the stability of the financial system of Cyprus.

In cooperation with the Central Bank of Cyprus, banks are making every effort to ensure that the increased needs of cash among the public will be continuously satisfied through the ATMs.