FRANKFURT (MarketWatch) -- Cyprus authorities are making a "superhuman" effort to ensure the country's banks reopen on Thursday, Cyprus central bank chief Panicos Demetriades said Tuesday, according to news reports. Banks have been closed for more than a week in an effort to prevent a run on deposits as Cyprus and its international lenders worked out a 10 billion euro ($12.9 billion) bailout of the tiny island nation. Plans to reopen some banks on Tuesday were shelved late Monday. Uninsured deposits of more than 100,000 euros at two of the country's largest banks may be subject to haircuts of as much as 40% under the terms of the bailout. Demetriades said capital controls that will be imposed to prevent deposit flight after the banks reopen will be "loose," but will apply to all banks in the country, according to Reuters.