Bank of Cyprus UK, which has 50,000 depositors in the UK, says they will not lose out because of the deal between Eurozone finance ministers on a bailout for Cyprus.
It issued a statement, reading: "There is no effect on deposits with Bank of Cyprus UK Limited which is a UK bank".
The bank's customers in Cyprus are in danger of losing a portion of deposits above the 100,000 euros guaranteed by the government of Cyprus.
However, Bank of Cyprus UK emphasised that it was a separately capitalised UK incorporated bank, subject to UK financial regulation.
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