President Christodoulides confirms 2026 payout for Laiki Bank depositors

On August 9, 2026, the President of Cyprus, Nikos Christodoulides, informed the President of the Association of Laiki Bank Depositors (SYKALA), Adonis Papakonstantinou, that the state will proceed with a payout from the National Solidarity Fund in 2026. This decision reverses an earlier assessment from the Ministry of Finance, which had indicated that no funds would be available for this purpose in the current year.

The announcement followed a meeting at the Presidential Palace involving the Association and the Minister of Finance, which occurred after the National Solidarity Fund Committee had initially confirmed the lack of funding. While the President confirmed the intent to initiate the payout process, he did not specify the exact amounts, percentages, or the timeline for distribution, noting that these parameters will be determined after further consultations. The Association remains optimistic, stating that technical preparations can build upon the framework established during the 2025 payout process.

Following the presidential intervention, officials are expected to finalize the specific financial details and procedures soon. The Association has indicated that it will await further announcements regarding the distribution criteria and the exact sums to be disbursed.