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There had been no formal announcement on the subject from either the president or parliament. Some discussions suggest that there could be lump sum assistance to cover part of the loss plus a perpetual commitment from the government to make good some of the loss over the years.
Laiki and Bank of Cyprus have around €1.4 billion on deposits from provident and pension funds between them, with about half of this as deposits from the provident funds of the two banks themselves. Another €0.4 billion, approximately, belonged to the semi-government organisation pension funds, and the remainder was spread between around 1,200 provident funds.
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