Cyprus Popular Bank restricts ATM withdrawals

NICOSIA Thu Mar 21, 2013 1:45pm EDT

1 of 2. A man makes a transaction at an ATM outside a branch of Laiki Bank in Nicosia March 21, 2013.

Credit: Reuters/Yannis Behrakis

NICOSIA (Reuters) - Stricken Cyprus Popular Bank imposed a 260 euro per day limit on ATM withdrawals on Thursday to cope with high demand, the island's second largest lender said in a statement.

Customers queued to withdraw funds on Thursday on widespread rumors that the bank was to be closed down, later denied by the central bank.

(Reporting by Michele Kambas; Writing by Matt Robinson)

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