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Cyprus depositors 'could lose 60%'

30 March 2013 Last updated at 23:01 GMT

Bank of Cyprus depositors with more than 100,000 euros (£84,300; $128,200) could lose up to 60% of their savings as part of an EU-IMF bailout restructuring move, officials say.

The central bank says 37.5% of holdings over 100,000 euros will become shares.

Meanwhile savers with large deposits at the other troubled lender, Laiki Bank, could see even higher losses.

Mark Lowen reports from Athens.