BoC ready to migrate Laiki accounts

BANK of Cyprus (BoC) has announced that it will be migrating all ex-Laiki Bank accounts to its own electronic systems during the long weekend starting tomorrow until Monday.

The transfer is part of the absorption of Laiki by BoC according to the terms of the island’s bailout agreed in March 2013.

BoC said it has done all the preparatory work so that the transfer is carried out without affecting its customers.

Because of the move, the bank said certain transactions — transfer between own accounts, transfer to Bank of Cyprus customers, multiple payments — will not be available through the online 1bank platform between the afternoon of Saturday, June 7 to June 9.

For information, customers can contact their branch or 1bank on 800 00 800 or 357 22 128000 for international callers between 7.45am and 9.30pm, Monday to Friday or through www.bankofcyprus.com.cy.

Customers experiencing problems with their cards over the long weekend can contact 1bank between 9am and 7pm.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.