Cyprus

Foreign and Commonwealth Office written question – answered on 16th October 2014.

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Photo of Mark Williams Mark Williams Liberal Democrat, Ceredigion

To ask the Secretary of State for Foreign and Commonwealth Affairs, how many UK nationals have been affected by the Cypriot government's decision to withdraw funds from bank accounts belonging to foreigners in 2013; how many such people were banking with Laiki Bank; and what steps the Government is taking to recover the funds of such citizens.

Photo of David Lidington David Lidington The Minister for Europe

We do not hold any figures relating to the number of UK nationals affected. Deposits in Cypriot banks are subject to the laws and regulations of the Republic of Cyprus, and we have no authority to intervene in individual cases. We recommend that British Nationals consider seeking independent professional advice regarding their assets overseas.

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