Laiki Bank depositors association expresses dissatisfaction over 2026 payout delays

The Association of Laiki Bank Depositors (SYKALA) has expressed strong opposition to the government's recent decision regarding the Solidarity Fund payments for 2026. Despite earlier assurances from President Nikos Christodoulides that a payout scheme would be established following consultations with affected parties, the Solidarity Fund Committee recently informed the Association that no substantial second disbursement will occur for 2026.

According to SYKALA, the only planned payment involves the remaining balance from the 2025 scheme, after accounting for pending applications. This amount is estimated to range from zero to 2.5% of the original impairment suffered by each depositor. The Association argues that this contradicts previous commitments made by the administration and the Minister of Finance, Makis Keravnos, who had initially indicated there would be no 2026 scheme before the President intervened.

SYKALA maintains that these limited funds cannot be categorized as a secondary installment, leading to accusations that the government has failed to uphold its financial obligations to those whose deposits and securities were severely affected during the banking crisis.