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ESM disburses €1.5 billion to Cyprus

Press releases

Luxembourg – The European Stability Mechanism (ESM) disbursed today €1.5 billion to Cyprus for the recapitalisation of the cooperative banking sector. The amount was disbursed in a cashless operation involving one series of 18-month ESM floating rate notes (FRN). The loan will be repaid in two equal instalments of €750 million, due in 2029 and 2030, respectively.

Cyprus has now received a total of €4.5 billion in ESM financial assistance out of a total committed amount of approximately €9 billion.

There is an online information package on the Cyprus programme at: 


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