Global security giant G4S is facing high workloads in Cyprus as it works to prepare for the opening of two of the struggling countries’ biggest banks on Thursday.

Both the Bank of Cyprus and Cyprus Popular Bank have featured as part of the Cypriot Government’s move to reduce debt, with large depositors having had their accounts frozen under the bailout conditions agreed over the weekend.

G4S will oversee the openings of the banks after their closure over 11 days ago. The demand for the banks services are still expected to be high, after crowd gathered at banks at the height of the EU bailout talks.

Managing director of G4S in Cyprus, John Arghyrou, said to Reuters, that: “"I've never seen anything like it in terms of what is going on from a security perspective. I would say the workload has quadrupled because the whole system has changed."

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