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Precise the Louis Cypriot the impact of the decisions of the Eurogroup on the checking accounts of the society
According to the board of directors, the losses near Laiki Bank will pile to 100.000 euros and near the Bank of Cyprus to zero euro
April 4, 2013
The shipowning group and hotel Louis Cypriot plc, than work in the crocieristico field through the Louis Cruises company, has announced which it will be - second the forecasts of the board of directors - the impact on the checking accounts of the group of the decisions assumed at the end last month from the Eurogroup for the rescue of the bank system and the economy of Cyprus, that they include a consisting compulsory withdrawal of money on the advanced checking accounts to the 100,000 euros near the two main financial institutions of the island.
According to the Board of Directors of Louis, the losses attended near the Cyprus Popular Bank (Laiki Bank) after the cuts will pile to 100.000 euros, while losses near the Bank of Cyprus will not be recorded. Louis has specified that, with reference to according to financial institution, if the interpretation of the communications by the board of directors about the cuts to the checking accounts is revealed roved, and the cut she will reach in worse of the hypotheses 60%, the ulterior loss would pile to 1,5 million euros.
Louis has remembered that, date the nature of the activities of the group that in is centered on the businesses of the hotels and the cruises, not will be however some impact on the turnover from the moment that the revenues derive from activity outside Cyprus or customers foreign countries. In particular - it has specified Louis - 95% of the turnover of Louis Cruises derive from activity abroad and for 45% that of Louis Hotels: altogether, therefore, 73% of the volume of transactions of Louis plc, than in 2012 have been of 194 million euros, are generated by activity outside Cyprus.
Louis has emphasized at last that the society previews for this year an increase of the arrivals of tourists to Cyprus, in particular from Greece, and that previews that the last developments will not have an impact on the activities of the group.
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The shipowning group and hotel Louis Cypriot plc, than work in the crocieristico field through the Louis Cruises company, has announced which it will be - second the forecasts of the board of directors - the impact on the checking accounts of the group of the decisions assumed at the end last month from the Eurogroup for the rescue of the bank system and the economy of Cyprus, that they include a consisting compulsory withdrawal of money on the advanced checking accounts to the 100,000 euros near the two main financial institutions of the island.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
