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UK customers escape bank levy

Around 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.

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ECB 'committed' to providing liquidity despite vote

The European Central Bank (ECB) said it remains committed to providing liquidity despite Cypriot lawmakers overwhelmingly rejecting a levy on savers - a key term of the €10 billion proposed bailout.

The headquarters of the European Central Bank in Frankfurt, Germany. Credit: Arne Dedert/DPA/Press Association Images

"The ECB takes note of the decision of the Cypriot parliament and is in contact with its troika partners," the bank said in a statement. "The ECB reaffirms its commitment to provide liquidity as needed within the existing rules".

The central bank said it is in contact with the International Monetary Fund and its European Union partners on the issue.

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