Cyprus Bailout | Laiki Bank’s Balance Sheet

Cyprus Bailout | Laiki Bank’s Balance Sheet

Thanks to www.ritholtz.com for publishing what is alleged to be Laiki Bank’s Balance Sheet. That website merely circled the important figures in red without comment. I’ll make it simple and instead of talking in billions of Euros I’ll convert the sheet to simple Dickensian home budgeting.

The bank have given £22 to customers in loans, have £2 cash left and owe £10 to central and other banks. This is why the European Central Bank is going to cut off funds on Tuesday. They have another £7.50 but most if not all of that cannot quickly be converted to cash.

Get it now!

mar21_popbank

 

Print Friendly, PDF & Email

Comments are closed.