Economic Adjustment Programme for Cyprus be saved and transferred to Bank of Cyprus (BoC), while shareholder capital would be written off, and the uninsured deposits above €100,000 – along with other creditor claims – would be lost to the degree being decided by how much the receivership subsequently can recover from liquidation of the remaining bad assets. As an extra safety measure, uninsured deposits above €100,000 in BoC will also remain frozen until a recapitalisation has been implemented "(with a possible imposed haircut if this is later deemed needed to reach the requirement for a 9% tier 1 capital ratio)". The targeted closure of Laiki
Net current asset value Current Asset Value Strategy in London" the strategy produced a mean annualized return of 31.1% compared to 20.5% for the relevant benchmark between 1980-2005. Net current asset value The net current asset value (NCAV), commonly referred to as the Cigar Butt Investment Strategy, is an investment technique outlined by Benjamin Graham in Security Analysis. Graham suggests buying a well-diversified portfolio of stocks considered cheap because their Net Current Asset Value exceeds their Market Capitalization. Total Current Assets - Total Liabilities = Net Current Asset Value (NCAV) Number of Shares Outstanding × Current Price per share = Market Capitalization (MC) If: