The 2013 “haircut” victims are in the “waiting room” for their 2026 compensation, with the issue currently being addressed by the Management Committee of the National Solidarity Fund (NFS) at a new critical meeting, with the participation of representatives from the affected groups.
It should be recalled that on August 9, the President of the Republic, Nicos Christodoulides, informed depositors and bondholders who had suffered a haircut that a payout would take place in 2026, without, however, specifying the exact amount. According to a related announcement by the Laiki Bank Depositors’ Association, the President had spoken with the President of SYKALA and informed him that there would also be a payout in 2026, without, however, specifying amounts or percentages, which would be decided and announced shortly, following the necessary consultations.
Speaking on the “Alpha News” program, the President of the Laiki Depositors’ Association, Adonis Papakonstantinou, stated that the President had assured them that, regarding the amount of the second installment, he would do his best.
“Ultimately, as we were informed today, the plan for 2026 will be in the range of 2.5%. We are now called upon to decide whether the President meant what he told us and wrote to us before the election, and if he did, what has changed so that what we agreed upon is not being implemented, and to what extent people can look to the Solidarity Fund for something that will actually make a difference. When you go from 10% to 2.5%… they’re trying to convince us that the 28 million left over from 2025 should be part of the 2026 plan. If those who haven’t been paid are paid, what remains is in the range of 2.5%. At the crucial session held today, the budget for this portion was put to a vote. The three associations that participated rejected it as completely inadequate. It passed by a vote, because those appointed by the President or the Ministry of Finance hold a majority, despite our dissent. The amount of the payout does not reflect everything we discussed and agreed upon very recently.”
For his part, the President of the Association of Securities Holders, Stavros Gialouridis, stated that they make promises, give assurances, and make commitments, only to leave them after the election begging for the obvious and to receive what they are entitled to.
“The 10% became 2.5%. We’d heard two or three months ago that there would be no savings. It’s a shame to get caught up in a barrage of statements, only for people to think, ‘I’ll step in and you’ll get it.’ And am I supposed to say thank you and admit that we wouldn’t have gotten anything, so we should be glad we got even this much? We are victims of a scandal; for 14 years now, we’ve been fighting for what should be a given. They can’t just throw us a bone to gnaw on and expect us to say thank you.”
