'60% levy' possible in Cyprus

Savers with the Bank of Cyprus could be given shares in the bank, a source close to the negotiations has told the news agency Reuters as some initial details of the euro bail out are released.

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Cyprus bank customers queue to get hold of their cash

Customers are queuing to get inside Laiki bank in Lakatamia, just outside Nicosia. The bank delayed its opening today due to "technical reasons". Customers are now being allowed inside in small groups.

Banks in Cyprus are being reopened today after being closed for almost two weeks, amid the country's financial crisis. Customers are being restricted on the amount of cash they can withdraw from their accounts.

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  1. Darren Burn - ITV News Producer

Cypriots wait to get their hands on cash as banks reopen

Minor queues are starting to form outside banks in suburbs of Nicosia. Thequeues are mainly those without bank cards who have been unable to use ATMsduring bank closures.

Queues are forming outside Cypriot banks after two-week closure. Credit: ITV News/Darren Burn
Queues of people - mainly without credit cards - are waiting to get their hands on their money in Cyprus. Credit: ITV News/Darren Burn

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Bank staff prepare to reopen branches in Cyprus

Banks in Cyprus are preparing to reopen after being closed for almost two weeks, amid the country's financial crisis. Customers will be subject to restrictions about the amount of cash that can be withdrawn.

An employee opens a safe inside a Bank of Cyprus branch before it opens in Nicosia. Credit: REUTERS/Yannis Behrakis
An employee counts money by an open safe inside a Laiki Bank branch before it opens. Credit: REUTERS/Yannis Behrakis

Security firms don't expect 'chaos' as Cyprus banks open

John Arghyrou, managing director of G4S Cyprus, says he doesn't believe there will be a run on the banks in the country today as they reopen after being closed for nearly two weeks.

Security has been tightened around the country's banks as they get to set to re-open at 10am UK time. The banks were closed as a controversial international financial bailout was agreed and implemented.

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