Vocal victims of the 2013 banking haircut have demanded that President Christodoulides purge systemic corruption and release the long-awaited second tranche of state compensations.

They demand the punishment of those guilty of "banking fraud and the return of stolen property."

• They request the payout of the second disbursement and the opening of the claims platform.

• The hall where the General Assembly of the bailed-in securities holders and members of SYKATA took place was packed.

The Association of Bank Securities Holders (SYKATA), via a resolution approved during today's heavily attended general assembly of its members in Choirokoitia, demands that President Christodoulides "clean the Augean stables" so that, as noted, "the guilty parties of the largest banking fraud are punished."

"The fraud," according to SYKATA, "was committed against 25,000 unsuspecting citizens."

The securities holders who suffered the haircut of March 2013 demand the return of all "stolen property back to the legitimate beneficiaries."

SYKATA announced that the members of the Association renewed their mandate to the Board of Directors of SYKATA "to continue the honest struggle for full vindication."

The Association considers that the unanimous support of its members for the Board also translates into a resounding response to "whispers", without clarifying what those are, and sends a message that the bailed-in securities holders will not accept "any further procrastination."

They call on the Ministry of Finance (YPOIK) to proceed within 2026 with the disbursement and payment of the second tranche/compensation to the affected bailed-in victims.

SYKATA also demands the opening of the platform for affected individuals who did not manage to submit an application during the initial process.

Furthermore, it requests that the platform open for those whose securities "were converted, with a gun to the head, into shares relating to legal entities consisting of 2-3 people in a family business."

On the other hand, the Association of Depositors of the Former Laiki Bank (SYKALA), in an announcement issued the day before yesterday, launched a fierce attack against the government over the fact that the second tranche for the bailed-in depositors has not yet been disbursed.

SYKALA spoke of a "state robbery" of deposits and made reference to alarmists, without clarifying to whom it was referring.

"Non-compensation means state robbery. Nothing less," the association stated in its announcement.

It is noted that on July 9, the members of the National Solidarity Fund, which is composed of the Director General of the Ministry of Finance and the associations of bailed-in depositors, old shareholders of the Bank of Cyprus, and securities holders, will convene for the first time in 2026.

Source: Brief