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Cyprus Popular Bank restricts ATM withdrawals
March 21, 2013 / 5:48 PM / 4 years ago

Cyprus Popular Bank restricts ATM withdrawals

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