MeritKapital Ltd is not affected by the Cyprus bailout

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Following Cyprus’s rescue deal on the 25th of March of 10(€)BN, MeritKapital Ltd (#077/06) wishes to inform the public that it remains unaffected.

All client holdings, securities and cash alike, are held with reputable foreign and non Cyprus based custodians and are thus entirely unexposed.

Following Cyprus’s rescue deal on the 25th of March of 10(€)BN which was concluded with international lenders, MeritKapital Ltd (#077/06) wishes to inform the public that it remains unaffected.

All client holdings, securities and cash alike, are held with reputable foreign and non Cyprus based custodians and are thus entirely unexposed. We maintain numerous accounts with reputable financial institutions with counterparts in London, Switzerland, Austria, Moscow, and Latvia amongst others.

Moreover, MeritKapital Ltd has remained fully operational throughout the extended banking holiday mandated by the Central Bank of Cyprus in order to conclude the bailout terms. Furthermore, it will operate on the Cyprus bank holiday on the 1st of April.

Please do not hesitate to contact Persella Ioannides, info(at)meritkapital(dot)com should any queries arise.

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Persella Ioannides
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